Seoul: Samsung Electronics Co. on Tuesday announced an estimated first-quarter operating profit of 57.2 trillion won (US$38 billion), marking a 755 percent increase from the previous year. Revenue for the quarter rose by 68.1 percent, reaching 133 trillion won. However, data regarding the net profit for the period was not provided.
According to Yonhap News Agency, the operating profit figure exceeded the average estimate by 36.7 percent, based on a survey conducted by Yonhap Infomax, the financial data branch of Yonhap News Agency. Samsung is expected to release its final earnings report at a later date.