Seoul: Samsung Electronics Co. on Tuesday estimated its first-quarter operating profit at 6.6 trillion won (US$4.5 billion), marking a decrease of 0.2 percent from the same period a year earlier. The company's sales saw an increase of 9.8 percent, reaching 79 trillion won. Details regarding net income were not disclosed in the preliminary report.
According to Yonhap News Agency, the operating profit figure surpassed expectations, being 33.5 percent higher than the average estimate as per a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency. Samsung Electronics plans to release its final earnings report at a later date, providing a comprehensive overview of its financial performance for the first quarter.