Samsung Electronics likely to post highest Q1 profit since 2018

Asian Tech Press (Apr. 6) -- South Korean chipmaker Samsung Electronics is likely to post its highest first-quarter profit since 2018, according to Reuters.

Citing a Refinitiv SmartEstimate from 13 analysts, Reuters reported Monday that Samsung Electronics would likely hit an operating profit of 13.3 trillion won ($10.9 billion) in the quarter ended in March, a 41% increase from 9.38 trillion won in the same period last year, making it the highest first-quarter profit since 2018.

The report also said that the company's Q1 chip profit is likely to reach 7.6 trillion won, more than double the previous year's 3.37 trillion won, and its chip business contributes about half of the tech giant's profits.

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