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Samsung Electronics Q1 profit likely over $5.2 bn

Samsung Electronics Q1 profit likely over $5.2 bn

Tech giant Samsung Electronics pvt. ltd going to report a first-quarter operating profit of more than 6 trillion won (USD 5.2 billion),  overreaching market hopes, South Korea’s Korea economic daily reported, today.

Citing an unnamed source, the paper said Jan-Mar gainings for the world’s top smartphone maker were enhanced by strong sales of the flagship model Galaxy S7 smartphones that went on sale in the month of March as well as a weaker South Korean won.Samsung Electronics would not be immediately reached for comment.

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