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Samsung shares up on biggest quarterly net profit since 2013

Net profit for the January-March period jumps 46 per cent from a year ago to 7.68 trillion won

Fri, Apr 28, 2017 - 5:50 AM

Samsung was humiliated by the Galaxy Note 7 recall last year but has recently launched a new flagship device, the Galaxy S8, to positive reviews and strong orders.

PHOTO: REUTERS

Seoul

SOUTH Korean technology giant Samsung Electronics posted its biggest quarterly net profit for more than three years on Thursday after shrugging off the debacle over exploding Galaxy Note 7 batteries.

The results, driven by strong demand for the company's memory chips,...

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