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Samsung Q1 profit falls less than expected

2015-04-07 08:54:00| Telecompaper Headlines

(Telecompaper) 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. 

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