Seoul: Samsung Electronics on Thursday reported its first-quarter net income of 47.22 trillion won (US$31.8 billion), marking an increase of 474.3 percent from the same period last year. This significant rise in net income reflects a robust performance by the tech giant during the January-March period.

According to Yonhap News Agency, operating income for the first quarter reached 57.23 trillion won, representing a 756.1 percent increase compared to the previous year. Additionally, sales climbed by 69.2 percent to 133.87 trillion won, showcasing Samsung's strong market presence and operational efficiency.

The reported earnings surpassed market expectations, with analysts estimating an average net profit of 39.12 trillion won based on a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency. Samsung's impressive financial results highlight its successful strategies and resilience in the competitive electronics market.