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Samsung Electronics expects 10-fold rise in Q1 profit

SEOUL Samsung Electronics said recently it expects first-quarter operating profits to rise more than 10-fold year on year as chip prices recover.The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia's fourth-largest economy.

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Samsung Electronics expects 10-fold rise in Q1 profit

January-March operating profits were expected to rise 931.3 % to 6.6 trillion won ($4.89 billion) while operating profits in the same period last year totalled around 640 billion won

South koreaSouth koreanNeil shahSamsung electronicsCounterpoint researchWorld semiconductor trade statisticsWorld semiconductor trade

Samsung Electronics Anticipates a Tenfold Increase in Q1 earnings

Samsung Electronics Anticipates a Tenfold Increase in Q1 earnings
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Samsung expects 10-fold rise in first quarter profit

Samsung expects 10-fold rise in first quarter profit
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Samsung Electronics forecasts rise of over 900% in Q1 profits

Samsung Electronics said Friday it anticipates a massive surge in operating profits in the first quarter, more than tenfold year-over-year or up by over.

South koreaSouth koreanNeil shahCounterpoint researchWorld semiconductor trade statisticsSamsung groupSamsung electronicsAgence france presseOperating profitTech firmsChip pricesChip market