The worst operating profit of Samsung Electronics in the first quarter in 14 years plummeted by 95%, and the chip loss was 4.58 trillion won

2023-04-27 08:08:04

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China Business News 2023-04-27 16:03:03

Editor in charge: Hao Yunying

Samsung Electronics reported its worst quarterly profit in 14 years on Thursday. Samsung Electronics’ first-quarter operating profit was 640.2 billion won, down 95 percent from 14.12 trillion won a year earlier. Revenue fell 18 percent to 63.74 trillion won. Net profit was 1.57 trillion won, down 86.1% year-on-year. Samsung Electronics said its chip business lost 4.58 trillion won in the first quarter, its first loss in 14 years.

The worst operating profit of Samsung Electronics in the first quarter in 14 years plummeted by 95%, and the chip loss was 4.58 trillion won

Samsung Electronics reported its worst quarterly profit in 14 years on Thursday. Samsung Electronics’ first-quarter operating profit was 640.2 billion won, down 95 percent from 14.12 trillion won a year earlier. Revenue fell 18 percent to 63.74 trillion won. Net profit was 1.57 trillion won, down 86.1% year-on-year. Samsung Electronics said its chip business lost 4.58 trillion won in the first quarter, its first loss in 14 years.

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