Samsung Electronics said on Wednesday that operating profit may increase by 44% in the first quarter due to strong sales of home appliances, smartphones and TVs, but chip profits may decline after US production ceases.
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The South Korean technology giant predicts a profit of 9.3 trillion won in January-March, which is in line with the 9.3 trillion won forecast by Refinitiv SmartEstimate analysts. The company stated in a brief preliminary financial report that revenue may increase by 17% over the same period last year to 65 trillion won. Samsung will release detailed financial reports later this month.
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