Samsung Electronics, the largest manufacturer world of ‘smartphones’ and memory chips, a 41.5% increase net profit the first quarter over the same period of last year, the company announced in a statement.
South Korean technology giant in the period January-March net profit reached 7.15 billion won (4.950 billion euros), compared with 5.05 trillion won (some 3.5 billion euros) in the first quarter of 2012, according to the report.
Samsung Electronics shot, moreover, its operating profit by 54.3% inter-annual to 8.78 trillion won (6,080 million euros), while its sales accumulated 52,87 trillion won (about 36.600 million euros), a 16.8% more broadly.
The multinational technology has presented these final results for the first quarter, broadly matching early estimates on net profit and sales advanced earlier this month.
Samsung attributed in part its favorable results to sales of its technology and mobile communications division, which grew by 46% year on year to 32,82 trillion won (22.720 billion euros), mainly thanks to the high demand of the Galaxy S3 and others of their ‘smartphones’.
Another important contribution to the increase of earnings from the South Korean firm was the improved performance of its semiconductor sector, which raised its operating profit by 52% year on year to 1.07 trillion won (about 740 million euros) in the first quarter.
Samsung acknowledged in its statement that “the unfavorable seasonal factor and the economic slowdown harmed sales of televisions and appliances”, which, however, was offset by the high “demand for products of consumer electronics in emerging markets”.
Looking to the coming quarters despite the global crisis, the South Korean giant expects to increase spending in I + D to strengthen competitiveness “before the planned launch of new products”, as its new S4 Galaxy, said Robert Yi, Vice President and head of Samsung’s investor relations