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Samsung's Q1 Operating Profit up 7.49 Percent

Written: 2016-04-07 09:44:37Updated: 2016-04-08 10:39:48

Global tech giant Samsung Electronics’ operating profit was six-point-six trillion Korean won, or about five-point-seven billion U.S. dollars, in the first quarter of this year.

According to a public filing submitted to the Korea Exchange on Thursday, the company's operating profit for the January to March period was seven-point-49 percent higher compared to the fourth quarter of last year and 600 billion won more than last year's first quarter.

Analysts say a rise in sales of Samsung’s Galaxy S7 smartphones and a six-percent depreciation of the won likely contributed to the performance, despite a worsening global market for semiconductors. 

Sales for the tech firm, however, fell eight-point-one percent compared to the quarter before to about 49 trillion won.

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