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Samsung Electronics' Q1 net profit tops 7.57 tln won

2014/04/29 08:48

By Kang Yoon-seung

SEOUL, April 29 (Yonhap) -- Samsung Electronics Co., the world's top maker of smartphones, said Tuesday its fourth-quarter net profit advanced 5.8 percent from a year earlier.

Net income came to 7.57 trillion won (US$7.31 billion) in the January-March period, compared with 7.15 trillion won a year earlier, the company said in a regulatory filing.

Sales edged up 1.53 percent on-year to 53.68 trillion won in the first quarter, the company said. Its operating profit came to 8.49 trillion won, down 3.31 percent from the previous year.

The figures were in line with Samsung's guidance released earlier this month that estimated the first-quarter operating profit at 8.4 trillion won and sales at 53 trillion won.

Shares of Samsung closed at 1,388,000 won on the Seoul bourse Monday, slipping 0.79 percent from the previous session's close, while the benchmark KOSPI fell 0.12 percent. The quarterly results were announced before the stock market opened Tuesday.