Samsung SDI Co. on Thursday reported its first-quarter net profit of 464.5 billion won (US$347 million), up 28.1 percent from a year earlier.
The company said in a regulatory filing that it posted 375.4 billion won in operating profit for the quarter, compared with 322.3 billion won a year ago. Revenue rose 32.2 percent to 5.35 trillion won.
The earnings beat market expectations. The average estimate of net profit by analysts stood at 396.4 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency