Samsung's net profit for Q1,2014 is about $8.2 Billion

29 April, 2014 Samsung

Samsung King


Samsung released its first Quarter earnings report of this year (Q1,2014). In line with the earnings guidance from earlier this month, the Korean giant posted a net profit of 8.5 trillion won which is about $8.2 billion from total revenue of 53.68 trillion won about $51.8 billion of revenue in the last three months.

The company's net profit took a 3% dip compared to the same period last year. Samsung attributed the second straight fall of quarterly profit to a weakness in the market for flat-screen panels and maturing high-end smartphone segment.



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