Samsung Electronics Q1 operating earnings up 931.3 pct to 6.6 tln won

Samsung Electronics Co. on Friday estimated its first-quarter operating profit at 6.6 trillion won (US$4.9 billion), up 931.3 percent from a year earlier. Sales increased 11.4 percent to 71 trillion won. The data for net earnings was not available. The operating profit was 20.5 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The company will release its final earnings report later. Source: Yonhap News Agency