Samsung Electronics announced on April 27 its financial results for the first quarter ending March 31, 2017. It chalked up sales of 50.55 trillion won and operatingprofit of 9.9 trillion won, up 1.5 percent and 48.2 percent year on year.
Bybusiness unit, the DS division responsible for electronic components, recorded an operating profit of 7.59 trillion won, accounting for 77 percent in the company's total operating profit.
TheCE division in charge of TVs and home appliances, gained an operating profit of 380 billion won, while the smartphone-making IM division achieved 2.07-trillion-won operating profit.
Asthe releasing of its flagship smartphone Galaxy S8 was delayed for about one month compared to the previous 2016 release date of the Galaxy S7, the IMdivision saw its sales and operating profit fall by 4.1 trillion won and 1.82trillion won, respectively, year on year.
SamsungElectronics expected its semiconductor business to show stronger performance inthe second quarter of this year.