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Samsung Announces Record Profits for 1Q 2010 May 11, 2010 |
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Seoul-based Samsung Electronics had first quarter revenues of 34.64 trillion Korean won (approx. US$30.3 billion), up 21% year-on-year, and had a net profit of 3.99 trillion won (approx. $3.5 billion).
Consolidated operating profit for the quarter was a record 4.41 trillion won, a 643% increase year-on-year. The figure tops the previous record high of 4.22 trillion won in the 3Q 2009.
Samsung's 1Q results were driven by improvements in semiconductors and other components businesses as well as strong earnings in the set businesses.