Samsung Electronics, the world’s largest maker of memory chips and “smartphones”, achieved 41.5% increase in net profit in the first quarter compared to the same period last year, the company said in a statement.
Net profit for the South Korean technology giant in the period January-March reached 7.15 trillion won (about 4,950 million), compared with 5.05 trillion won (3,500 million euros) in the first quarter of 2012, according to the report .
Samsung Electronics soared further operating profit by 54.3% on-year to 8.78 trillion wone s (about 6,080 million), while sales accumulated 52.87 trillion won (about 36,600 million), an 16.8% increase. The international technology company presented these final results of the first quarter, broadly in line with the first estimates of net profit and sales forward earlier this month.
Samsung attributed in part to favorable results of the division sales and mobile communications technology, which grew by 46 percent year on year to 32.82 trillion won (about 22,720 million), mainly due to the high demand of the Galaxy S3 and other of their “smartphones” .
Another important contribution to the increase in profits of the South Korean firm was the improved performance of the semiconductor industry, which in the first quarter operating profit rose 52% year on year to 1.07 trillion won (about 740 million).
Samsung acknowledged in its statement that “the unfavorable seasonal factor and the economic downturn hurt sales of televisions and appliances’, which, however, was offset by the high” demand for consumer electronics products in emerging markets. “
Facing the coming quarters despite the global crisis, the South Korean giant hopes to increase spending on R & D to strengthen the competitiveness “before the planned launch of new products’, as its new Galaxy S4 , said Robert Yi , vice president and Investor relations director of Samsung.