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Samsung Electronics Q1 profit climbs 12.5% YOY

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Samsung Electronics Q1 profit climbs 12.5% YOY

Samsung Electronics Co. Ltd. said its first-quarter normalized net income amounted to 29,177.39 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 31,933.81 won per share.

EPS climbed 15.7% year over year from 25,214.42 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.228 trillion won, an increase of 12.5% from 3.759 trillion won in the year-earlier period.

The normalized profit margin rose to 8.5% from 8.0% in the year-earlier period.

Total revenue grew 5.7% year over year to 49.782 trillion won from 47.118 trillion won, and total operating expenses grew from the prior-year period to 43.106 trillion won from 41.139 trillion won.

Reported net income increased 16.5% from the prior-year period to 5.264 trillion won, or 36,323.59 won per share, from 4.519 trillion won, or 30,311.28 won per share.

As of May 31, US$1 was equivalent to 1,189.80 South Korean won.