Samsung expecting record profits

6 Apr 2010

Korean flat-screen TV and memory chip manufacturer Samsung Electronics is forecasting an increase in its first-quarter profits to KRW4.3 trillion (€2.85bn).

In a statement, the company said it is expecting its Q1 sales to increase by 19pc year-on-year from KRW28.67 trillion (€19bn) to KRW34 trillion (€22.5bn).

In Q1 2009, Samsung’s operating profit was KRW590bn (€391m). By Q3, operating profit was KRW4.23, the company’ s largest ever quarterly profit at the time.

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