(Seoul = International News) Reporter Park Jun-min = Samsung Electronics announced the results of the first quarter of 2022 with sales of 77.78 trillion won and operating profit of 14.12 trillion won on a consolidated basis.
In the first quarter, sales increased 1.6% QoQ, breaking the all-time high for the third quarter in a row.
The DX division recorded the highest quarterly sales since 2013 thanks to the premium strategy, and the DS division recorded the highest quarterly sales in history by actively responding to server memory demand.
Compared to the same period of the previous year, sales increased 19% mainly from memory and video display.
In the midst of very difficult business conditions such as macroeconomic and geopolitical uncertainties, Samsung Electronics achieved record sales again through active collaboration with customers and partners, while its executives and employees did their best through innovation and challenge.
Despite the decline in memory prices, operating profit improved both QoQ and profit margin thanks to strong sales of the new flagship smartphone, the Galaxy S22 series, and premium TVs.
Compared to the same period of the previous year, both operating profit and profit margin increased significantly from KRW 9.38 trillion to KRW 14.12 trillion and from 14.3% to 18.2%, respectively.
