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Published: 12:58, April 07, 2022
Samsung Electronics' revenue hits record high in Q1
By Xinhua
Published:12:58, April 07, 2022 By Xinhua

In this file photo taken on Oct 27, 2021, people walk past the Samsung logo displayed on a glass door at the company's Seocho building in Seoul after South Korean tech giant Samsung Electronics posted a 28-percent jump in operating profit. (JUNG YEON-JE / AFP)

SEOUL - South Korea's tech behemoth Samsung Electronics logged its record-high revenue in the first quarter, the company said Thursday.

The operating profit of Samsung Electronics surged 50.3 percent over the year to 14.1 trillion won ($11.6 billion) in the first quarter

The preliminary revenue hit a new high of 77 trillion won ($63.2 billion) in the January-March quarter, up 17.8 percent from the same quarter of last year.

The operating profit surged 50.3 percent over the year to 14.1 trillion won ($11.6 billion) in the first quarter.

The results topped market expectations of about 75 trillion won ($61.6 billion) for revenue and 13 trillion won ($10.7 billion) for operating profit.

READ MORE: Samsung to replace unit heads, combine mobile, consumer arms

Net income and detailed earnings on each business unit will be announced later this month after an external audit and the board of directors' approval.


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