SEOUL Tech giant Samsung Electronics Co Ltd (005930.KS) will likely report a first-quarter operating profit of more than 6 trillion won ($5.2 billion), exceeding market expectations, South Korea's Korea Economic Daily reported on Wednesday.
Citing an unnamed source, the paper said January-March earnings for the world's top smartphone maker were boosted by strong sales of the flagship Galaxy S7 smartphones that went on sale in March as well as a weaker South Korean won.
Thomson Reuters StarMine SmartEstimate tips a 5.2 trillion won profit for the period.
Samsung Electronics could not be immediately reached for comment.
(Reporting by Se Young Lee; Editing by Richard Pullin)
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Published Date: Mar 30, 2016 06:30 AM | Updated Date: Mar 30, 2016 06:30 AM