Operating profit at Samsung Electronics IT and mobile business - overwhelmingly constituted by smartphone earnings - bounced back in the first quarter from its lows in late 2014, although it still suffered a steep year-on-year decline.
The division's operating profit for the period was Won2.74tn ($2.57bn), Samsung said on Wednesday - less than half the Won6.43tn figure in the same period last year, but up from Won1.96tn in the previous quarter writes the FT's Simon mundy in Seoul.
Samsung's smartphone profits collapsed in the second half of last year as it lost share of the key Chinese market to low-cost locally based competitors. Most analysts rule out Samsung's returning to the prior profit levels, but are watching for signs of a recovery as the South Korean group rolls out the new flagship Galaxy S6 phone and a new line of low and mid-end smartphones.
Profits also improved at the semiconductor division, which remained the company's biggest earnings contributor for a third consecutive quarter. The memory chip business is benefiting from high prices after consolidation in the sector, while the logic chip business is enjoying greater capacity use since Samsung started using its own processor chips for the Galaxy S6.
半导体部门的利润也有所好转，连续第三个季度成为集团营收的最大贡献者。存储芯片部门开始受益于行业整合之后价格的提升，而逻辑芯片部门也得益于三星自己为Galaxy S6 生产处理器以来的更高的产能利用率。
In line with guidance earlier this month, Samsung reported operating profit of Won5.98tn Won - down 30 per cent year-on-year - and revenue of Won47.1, against Won53.7tn a year before.