Samsung Electronics set to make the highest profit since 2018

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Samsung Electronics in the first quarter may record the highest profit since 2018 against the backdrop of growing demand for memory chips. it is reported by REUTERS.

The world's largest smartphone and memory chip maker is likely to reach 13.3 trillion won ($10.9 billion) in operating income, according to Refinitiv SmartEstimat. This is 41% higher than the result for the first quarter of 2021 of 9.38 trillion won ($7.73 billion). Profit from the production of chips is expected to be 7.6 trillion won ($6.27 billion) compared to 3.37 trillion won ($2.78 billion) a year earlier.

The company will present preliminary data for the past quarter on April 7.

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