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 | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |