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Samsung’s Q1 profit balloons 82% on strong smartphone sales

Samsung managed to top its pre-announced earnings when it reported results for the first calendar quarter of 2012 on Friday morning. The company reported a record operating profit of 5.85 trillion Korean won, up 98%, and a consolidated net profit of $5.05 trillion won, up 82% over the same quarter last year. Revenue came in at 45.27 trillion won, beating expectations. TV and semiconductor sales were down in the quarter, but any potential impact was offset by strong sales of high-margin display panels and mobile phones.
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