Samsung Electronics Co., Ltd. announced unaudited preliminary results on Tuesday, revealing a record first-quarter operating profit of 57.2 trillion won (approximately $38 billion), a 755% increase compared to the same period last year, significantly exceeding market expectations.
Revenue rose by 68.1% to 133 trillion won. Net profit figures have not yet been disclosed.
The company is scheduled to release its official first-quarter financial report later this month.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments