Samsung posts 13.4% rise in Q1 net profit

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Samsung posts 13.4% rise in Q1 net profit

Seoul (AFP) – Samsung Electronics, the world’s largest smartphone maker, reported Thursday a 13.4-percent on-year rise in net profit for the first quarter, on strong sales of its new flagship Galaxy handset.

Net income for the January-March period stood at 5.25 trillion won ($4.56 billion), up from 4.63 trillion won in the same quarter last year, the company said in a regulatory filing.

The new Galaxy 7 mobile device by Samsung, on February 21, 2016 at the Mobile World Congress in Barcelona
Copyright AFP/File Lluis Gene

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