Samsung posts 13.4% rise in Q1 net profit
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.