Samsung presents strong first quarter results

Korean electronics company Samsung’s preliminary results for its first quarter of 2017 were better than analysts had forecast. According to the company, the past quarter was its best in three years’ time.

Great computer chip sales

Its first quarter operational profit grew 48 % to 9.9 billion Korean won (8.2 billion euro), which is very close to its record third quarter of 2013. Excellent chip sales and special screens helped turnover grow to 50 billion won (41 billion euro).

Samsung seems to have overcome its annus horribilis, 2016, when it was forced to recall every Galaxy Note 7 tablet after several exploded. CEO Lee Jae-yong was also implicated in a corruption scandal which even forced Korean president Park Geun-hy to resign.

The company did launch several new devices, including its flagship product, the Galaxy S8, which should help restore its reputation.