SEOUL: Samsung Electronics Co beat analysts’ profit estimates on booming exports of memory chips, but warned of challenges in smartphone demand in the coming months.
Net income rose to 11.6 trillion won (US$10.7bil) in the three months ended March, the Suwon, South Korea-based company said in a filing, exceeding the 10.9 trillion won average of projections compiled by Bloomberg. Sales climbed 20% to 60.6 trillion won.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!