Earlier this month, Samsung gave a preview of its first quarter earnings and said that it would report record operating profits. And sure enough, the company announced on Thursday morning (thanks to the time difference, it is the next day in South Korea) that it achieved a fourth consecutive quarter of record operating profit. Leading the way for the company was sales of memory chips.
During the first quarter, Samsung reported net profit of 11.69 trillion South Korean won, equivalent to $10.8 billion USD at current exchange rates. That happens to be a healthy 52% gain from the net profit …