Samsung has record profit of $ 6.4 billion in the first quarter

SEOUL — Samsung reported that its net profit grew 42% in the first quarter compared to the same period last year, to the amount of 7.15 trillion won (US $ 6.4 billion), from 5.05 trillion won a year ago. In the fourth quarter of last year, the company's profit had already grown 75.6%, to 7.04 trillion won, compared with the same period of the previous year.
Operating profits advanced 54%, to 8.8 trillion won in the first quarter, while sales rose 16.8% to 52.9 trillion won, in line with estimates of between 51 and 53 Samsung trillion won. The largest sector of Samsung, the mobile phone and telecommunications equipment, represented 74% of the operating profit of the company.
Samsung's results contrast with those of Apple, which this week announced its first profit decline in a decade and projected lower margins in the second quarter. The information is from Dow Jones.