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Samsung Q1 profit falls less than expected

ICT Desk |
Update: 2015-04-08 02:15:00
Samsung Q1 profit falls less than expected Photo Courtesy: dailymobile.net

DHAKA: Samsung Electronics reported preliminary revenues of KRW 47 trillion for the first quarter, down from KRW 54 trillion a year earlier.

Operating profit fell to KRW 5.9 trillion from KRW 8.5 trillion a year ago.

While the company continued to post lower results, the drop in profit was less than expected by analysts polled by Bloomberg.

The analyst consensus was for revenues of KRW 50.1 trillion and profit of KRW 5.5 trillion. Samsung will give a full quarterly report later this month, reports telecompaper.com.

BDST: 1215 HRS, APR 08, 2015
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