Samsung expects to post record operating profit for Q1April 7, 2017 - 13:56 AMT PanARMENIAN.Net - Samsung Electronics said Friday, April 7 it expected profits to soar by 48.2 percent in the first quarter despite a smartphone recall fiasco and the arrest of its de facto head, AFP reports. The world's largest memory chip and smartphone maker estimated its operating profit in the January-March period at 9.9 trillion won ($8.8 billion), up 48.2 percent from a year earlier, thanks to strong sales of memory chips and display panels. It marked the second-highest quarterly operating profit ever posted by Samsung. Its largest-ever quarterly operating profit was 10.1 trillion won recorded in the third quarter of 2013. The jump in operating profits came despite Samsung sales only increasing by 0.44 percent to 50 trillion won on-year. Analysts put the solid results down to fat margins in chips and OLED display panels. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |