Profits at South Korea's Samsung Electronics Co
surged 41.6 per cent year-on-year in the first quarter due to strong
sales of its smartphones, media reports said.
Net profit for the January-March quarter was 7.15 trillion won (6.44 billion dollars) compared to 5.05 trillion won in the same period last year, the world's top maker of computer memory chips and smartphones said in a regulatory filing, the Yonhap News Agency reported.
Samsung's revenue for the first quarter came in at 52.87 trillion won, a rise of 16.8 per cent compared to the first quarter of 2012.
The company began selling the Galaxy S4 phone in South Korea on Friday.
Most Popular Stories
- India Recognizes Transgender People as 'Third Gender'
- Major Phone Makers Sign Anti-Phone-Theft Pledge
- Michael Bloomberg Takes Aim at the NRA
- Brands Get Caught in Bitter-Tweet Traps
- Depp, Pfister Are Tech Philosophers
- U.S. Housing Starts up in March After Bitter Winter
- AC/DC Denies Rumor It's Done Rocking
- U.S. Capacity Utlization Rate Rose More Than Expected in March
- Man Arrested After Driving Stolen Car to Court Hearing
- U.S. Job Market Still Needs Fed Stimulus: Yellen