Samsung’s Q1 performance helped by server & chips sales; expects lower Q2

Samsung’s Q1 performance helped by server & chips sales; expects lower Q2

Samsung said operating profit in Q1 rose 3% to KRW 6.4trn compared with KRW 6.2trn a year ago, as work-from-home orders boosted demand for server and computer chips. Its net profit fell 3% KRW 4.9trn, while revenue jumped 5.6% to KRW 55.3trn. However it expects profit to decline in Q2 owing to Covid-19 related slump in sales of smartphones and TVs, although the chip business would remain intact.

Milan
Milan
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