Samsung Reveals their Profit for 2011

Samsung has released a preliminary report of its earnings in the first quarter of 2012. In the report revealed that Samsung profits have soared nearly doubled thanks to the best-selling smartphones such as Samsung's own Galaxy Galaxy S II, Samsung and Samsung Nexus GALAXY GALAXY Note. initial figures show that Samsung's operating profit of 5.8 trillion won, or 5, 15 billion dollars of total revenue 45 trillion won. This advantage over analysts' estimates by 5 trillion won, although below the estimate of JP Morgan and Citibank are at 5:28 billion dollars.

These figures are surprising analysts and fund managers. They also hope that there will be growth in the second quarter to 6,5-7.5 trillion won of revenue of approximately 48.4-49 trillion won. Although in this period will incur the cost of the Samsung Olympic Games, but Samsung's business is not expected to decline.

Profit margins from handset business also risen above 20%. Higher sales of handsets such as the Galaxy-class Note has helped improve margins ahead of analyst estimates.

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