In this file photo taken on Oct 27, 2021, people walk past the Samsung logo displayed on a glass door at the company's Seocho building in Seoul after South Korean tech giant Samsung Electronics posted a 28-percent jump in operating profit. (JUNG YEON-JE / AFP)
SEOUL – South Korea's tech behemoth Samsung Electronics logged its record-high revenue in the first quarter, the company said Thursday.
The operating profit of Samsung Electronics surged 50.3 percent over the year to 14.1 trillion won ($11.6 billion) in the first quarter
The preliminary revenue hit a new high of 77 trillion won ($63.2 billion) in the January-March quarter, up 17.8 percent from the same quarter of last year.
The operating profit surged 50.3 percent over the year to 14.1 trillion won ($11.6 billion) in the first quarter.
The results topped market expectations of about 75 trillion won ($61.6 billion) for revenue and 13 trillion won ($10.7 billion) for operating profit.
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Net income and detailed earnings on each business unit will be announced later this month after an external audit and the board of directors' approval.