Samsung has revealed its financial results for the first quarter of 2018, the company has posted record financial results again.
Samsung’s revenue increase 20 percent on the same quarter over the previous year to 60.6 trillion KRW. The company also posted a record operating profit for the quarter of KRW 5.7 trillion.
Samsung’s semiconductor business, display business IT and mobile divisions all performed well, The company revealed that the early launch of its Galaxy S9 flagships has increased growth in its mobile division.
Total revenue grew approximately 20 percent YoY to KRW 60.6 trillion. Operating profit for the quarter was a record high, posting an increase of KRW 5.7 trillion YoY. Profitability improved significantly in the quarter thanks to the Semiconductor Business and the early global launch of the Galaxy S9. All in all, the operating margin in the first quarter was 25.8 percent, up 6.2 percentage points YoY.
You can find out more details about Samsung’s first quarter results over at their website at the link below.
Source SamsungFiled Under: Technology News, Top News