(MENAFN- Qatar News Agency) Seoul April 29 - Samsung Electronics Co. the world's top maker of smartphones said Tuesday its fourth-quarter net profit advanced 5.8% from a year earlier.
Net income came to 7.57 trillion won (US$7.31 billion) in the January-March period compared with 7.15 trillion won a year earlier the company said in a regulatory filing according to (Yonhap) news agency.
Sales edged up 1.53% on-year to 53.68 trillion won in the first quarter the company said. Its operating profit came to 8.49 trillion won down 3.31% from the previous year.
The figures were in line with Samsung's guidance released earlier this month that estimated the first-quarter operating profit at 8.4 trillion won and sales at 53 trillion won.
Shares of Samsung closed at 1388000 won on the Seoul bourse Monday slipping 0.79% from the previous session's close while the benchmark KOSPI fell 0.12%. The quarterly results were announced before the stock market opened Tuesday.
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