China News Service, April 28. According to Yonhap News Agency, South Korea's Samsung Electronics released a performance report on the 28th, saying that Samsung Electronics' operating profit in the first quarter of 2022 increased by 50.5% year-on-year, and single-quarter sales hit a record high for three consecutive quarters.
Visitors try out a Samsung Electronics Galaxy smartphone during the 2022 World IT Exhibition held at the Seoul Convention and Exhibition Center in South Korea on April 20, local time.
According to reports, based on the consolidated statement, Samsung Electronics' operating profit in the first quarter of 2022 was 14.12 trillion won (about 73.526 billion yuan), a year-on-year increase of 50.5%.
Sales were 77.78 trillion won, an increase of 18.95% year-on-year, setting a record for a single quarter.
According to the report, this is the third consecutive quarter that Samsung Electronics' single-quarter sales hit a new high, and it exceeded the previous market expectations of 75.2 trillion won in sales and 13 trillion won in operating profit, as well as the company's 77 trillion won and 14.1 trillion won at the beginning of the month. Preliminary accounting data of 10,000 won.
The report also said that although the first quarter was a traditional off-season for the electronics industry, Samsung Electronics' semiconductors, smartphones, displays and other divisions saw growth across the board.