Samsung Electronics’ first-quarter profit is likely to hit its highest since 2018

2022-09-09 0 By

South Korea’s Samsung Electronics co LTD, the world’s largest maker of smartphones and memory chips, may record its highest operating profit in the first quarter since the same period in 2018, Reuters quoted analysts as estimating.Strong profits from memory chips boosted quarterly profits as strong demand kept prices firmer than expected.Samsung Electronics’ first-quarter operating profit is likely to reach 13.3 trillion won ($10.9 billion), up 41 percent from 9.38 trillion won in the same period last year, which would be its highest first-quarter profit since 2018, according to 13 analysts’ estimates from Luftek SmartEstimate.