Samsung Electro-Mechanics Co. on Monday reported its first-quarter net profit of 186.5 billion won (US$135.2 million), up 57.9 percent from a year earlier.
Operating profit for the January-March period was 180.3 billion won, up 28.7 percent from a year ago, the company said in a regulatory filing. Sales rose 29.8 percent to 2.62 trillion won.
The earnings beat market expectations. The average estimate of net profit by analysts stood at 134.8 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency