Samsung Electronics, the world’s largest maker of memory chips and smartphones, 41.5% managed to increase its net profit in the first quarter compared to the same period last year, the company said in a statement.
net profit in the Korean technology giant from January to March period reached 7.15 trillion won (about 4,950 million), compared with 5.05 trillion won (3,500 million euros) in the first quarter of 2012, according to the report.
Samsung Electronics shot also operating profit by 54.3%
technology multinational presented these final results of the first quarter, broadly in line with the first estimates of net profit and sales forward earlier this month.
Samsung partly attributed to favorable results of the division sales and mobile communications technology , which grew 46% year on year to 32.82 trillion won (about 22,720 million), mainly due to high demand and other Galaxy S3 their smartphones.
Another important contribution to the increase in profits of the South Korean firm was the improved performance of the semiconductor industry, which in the first quarter operating profit rose 52% year on year to 1.07 trillion won (about 740 million euros).
Samsung acknowledged in its statement that “the unfavorable seasonal factor and the economic downturn hurt sales of televisions and appliances”, which, however, was offset by the high “demand for consumer electronics products in emerging markets “.
Facing the coming quarters despite the global crisis, the South Korean giant hopes to increase spending on R & D to strengthen the competitiveness “with the planned launch of new products”, as its new Galaxy S4 said Robert Yi , vice president and director of investor relations for Samsung.
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