Samsung says profits likely jumped 44% despite chip supply problems
CNN
Samsung expects to have pulled off a strong first quarter, even as one of its chipmaking facilities was temporarily shut by a brutal US winter storm earlier this year.
The South Korean conglomerate said Wednesday that it likely made about 9.3 trillion Korean won ($8.3 billion) in operating profit from January to March, marking a 44% jump compared to the same period last year. It also expected sales to have climbed about 17% year-on-year, to approximately 65 trillion Korean won ($58.2 billion). The preliminary results were roughly in line with estimates forecast by analysts polled by data provider Refinitiv.More Related News