Home / Business / Markets / Samsung shrugged off the Galaxy Note 7 disturbance and a crime liaison to post its best quarterly distinction in 3 years (SSNLF)

Samsung shrugged off the Galaxy Note 7 disturbance and a crime liaison to post its best quarterly distinction in 3 years (SSNLF)

SamsungDJ Koh, boss of mobile communications business at Samsung.Drew Angerer/Getty Images

Strong memory chip gain propelled tech hulk Samsung Electronics to its best quarterly distinction in some-more than 3 years, the South Korean organisation pronounced on Thursday as it announced its first-quarter results.

Samsung pronounced in a regulatory filing that its January-March handling distinction was 9.9 trillion won ($8.75 billion), compared with 9.9 trillion won it estimated progressing in April. That means the results were in line with expectations.

The company’s revenues rose 2% to 50.5 trillion won ($44.2 billion), also in line with its progressing estimate.

The plain set of results come after a violent duration for Samsung.

Last October, the company done headlines after a series of its Galaxy Note 7 inclination overheated and held fire. The flagship smartphone was scrapped as a outcome of the fiasco.

Samsung successor Lee-Jae Yong is also inextricable in a crime liaison in South Korea that goes right to the top of the top levels of government. He has been arrested and charged with temptation and embezzlement. He denies all charges.

Samsung’s new flagship smartphone, the Samsung Galaxy S8, was not expelled during this duration so it’s tough to contend how clever sales of the device are.

(Reporting by Hyunjoo Jin and Se Young Lee; Editing by Stephen Coates)

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