Business

Samsung posts 8 US$bln operating profit in Q1

Samsung Electronics, the world's largest maker of smartphone, memory chip and flat screen, posted 8. 4 trillion won (8 billion U.S. dollars) in operating profit in the first quarter, a regulatory filing showed Tuesday.

The preliminary earning for the first quarter was up 1.08 percent from the prior quarter, but it was down 4.33 percent from the same period of last year, according to the regulatory filing.

Sales recorded 53 trillion won during the January-March period, down 10.59 percent from three months earlier, but the figure was slightly up 0.25 percent from the same period of last year.