< Samsung Electronics expected that its first-quarter profit increased 3% year on year.


According to ArabiaNet, strong chip sales contributed to mitigating the negative impact of the Corona Virus pandemic on smart phone and TV sales.


Samsung said operating profit is expected to be 6.4 trillion won ($ 5.23 billion) for the quarter ended March, compared to 6.2 trillion won a year earlier, and the same as analysts' estimates, according to Refinitive Smart Estate.


The revenue is likely to have increased 5 percent to 55 trillion won, in line with estimates of 55.6 trillion won.