Samsung expects strong profits thanks to chips, Galaxy S7 phone

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Samsung intends to announce its first-quarter net profit and sales by unit when it releases revised earnings later in April.

Samsung's Q1 earnings past year, meanwhile, stood at 49.78 trillion won (~$43.90 billion), with a 6.68 trillion won (~$5.89 billion) operating profit.

"Generally speaking I think the improved product mix in appliances and televisions and the company's efforts to sell high-end products lifted profits", HI Investment analyst Song Eun-jeong said.

Late last month, Samsung unveiled its latest flagship handset, the Galaxy S8, which analysts believe could give the company's mobile business a boost over the next few quarters.

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After $-0.87 actual EPS reported by Egalet Corp for the previous quarter, Wall Street now forecasts 3.45% negative EPS growth. In an analyst report issued on 21 April, Citigroup kept their Buy rating on shares of Segro (LON:SGRO).

LG shares rose 0.4 percent on Friday, outperforming a 0.1 percent drop for the broader market .KS11 . The industry believes the memory chip market since the latter half of a year ago has entered a new super cycle, a period of an upturn as the result of replacements with high-performance memory in PCs and strong demand for mobile devices coupled with blossoming in aggressive investments from the makers. In addition, the Galaxy S7 Edge model was selected as a discontinued Galaxy Note 7 exchange model. After three months, the company has finally launched the phone India at a press event in New Delhi. They said Samsung's semiconductor division likely recorded profit much higher than expected, contributing more than half of the company's quarterly income as supplies of memory chips remained tight while demand from global smartphone makers was solid.

Samsung's Galaxy Note 7 smartphone was plagued with problems which caused the device to overheat and in some cases catch fire.

All this is happening amid management upheaval at South Korea's biggest family-run conglomerate, with third-generation leader Lee embroiled in a scandal that has already led to Park's removal from office for allegedly receiving bribes. He denies any wrongdoing.

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