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4/7/2021, 2:14 AM (Source: TeleTrader)
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Samsung expects Q1 profit to rise 44%

Samsung Electronics Co. said on Wednesday it expects its first-quarter operating profit to stand at 9.3 trillion won ($8.3 billion).

South Korean tech giant also noted the estimated numbers show the company's profit for three months ending with March is likely to the market consensus, rising by 44.2 percentage points year-on-year.

Meanwhile, the consolidated sales for the same period are set to end at 65 trillion won ($58.1 billion), 17.5% higher compared to the figure seen in the starting quarter of 2020.

Baha Breaking News (BBN) / NL