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 | Protest leader vows to achieve departure of Armenian authorities According to Archbishop Bagrat, there is only one solution to the situation in Armenia. Heads of Armenian, Ukrainian parliaments hold virtual talks Alen Simonyan and Ruslan Stefanchuk held talks via video conference on Tuesday, May 21. Pashinyan travels to Iran to pay tribute to Raisi, others Prime Minister Nikol Pashinyan has left for the Islamic Republic of Iran on a working visit. Your home is in Armenia – Ameriabank offers mortgage loans for the Diaspora To buy real estate, Diasporans can apply to Ameriabank online to buy, renovate or build a home anywhere in Armenia. |