Posted inSouth Korea

Samsung, LG peg 40% leaps in Q1 operating profits

South Korea’s two biggest electronics firms both forecast jumps of about 40% in their first-quarter operating profits Wednesday, with coronavirus-driven working from home fuelling global demand for semiconductors and home appliances. Tech behemoth Samsung Electronics said in an earnings estimate that it expected operating profits of 9.3 trillion won (US$8.3 billion) for January to March, up 44.2% from […]