Strong demand for memory chips | Samsung's first quarter operating profit increased 57.6% year-on-year

According to the Yonhap News Agency, Samsung Electronics Co., Ltd. released its initial financial report for the first quarter of 2018 on the 6th, initially verifying that its operating profit for the first quarter of 2018 was 15.6 trillion won (about 92.6 billion yuan), an increase of 57.6% year-on-year. This was a 3.0% increase from the previous quarter and a record high. At the same time, the operating profit margin in the first quarter reached 26.0%, an increase of 6.4 percentage points year-on-year. It also set a new record.

Samsung Electronics stated that its operating profit in the first quarter will be expected to reach 15.6 trillion won (about 14.6 billion US dollars), an increase of 57.58% from 9.89 trillion won in the same period last year; revenue is expected to increase by 18.69% year-on-year, from the previous year The same period of 50.5 trillion won increased to 60 trillion won.

Samsung Electronics' operating profit in the first quarter exceeded market expectations. According to the analysis, it is mainly due to the long-term prosperity of the global semiconductor market, which is dominated by memory chips.

According to the plan, the company will publish its first quarterly official financial report by the end of this month. Experts generally predict that Samsung Electronics will once again set a record high in the second quarter, with annual sales of 260.8 trillion won and operating profit of 62.4 trillion won this year. .