Samsung Electronics' operating profit rebounds

Samsung Electronics, the world's largest maker of smartphones, memory chips and TVs, saw its operating profit rebound in the first quarter, shrugging off worries about sluggish earnings, regulatory filing showed Tuesday.
Preliminary operating profit was 5.9 trillion won (5.4 billion U.S. dollars) in the first quarter, up 11.53 percent from the prior quarter, according to the regulatory filing.
Samsung's operating profit declined below 5 trillion won in the third quarter of 2014 for the first time in around three years, but it kept rising to 5.29 trillion won in the fourth quarter of last year and 5.9 trillion won in the first quarter of this year.
The first-quarter figure topped an average market forecast of about 5.4 trillion won, but it tumbled 30.51 percent from a year earlier.
Revenue was 47 trillion won in the first quarter, down 10.87 percent from three months earlier. It was also down 12.44 percent from a year ago.