Samsung Electronics climbed to a new 52-week high in intraday trading on strong semiconductor-driven earnings, while SK hynix also rose.
According to the Korea Exchange, Samsung Electronics was trading at 229,000 won as of 9:33 a.m., up 3,000 won, or 1.33%, from the previous session. It briefly touched 230,000 won early in the session, setting a fresh 52-week high. The move followed the company’s earnings announcement, which lifted investor sentiment.
At the same time, SK hynix was up 24,000 won, or 1.78%, at 1,317,000 won.
Samsung Electronics said preliminary consolidated operating profit for the first quarter totaled 57.2328 trillion won, up 756.1% from a year earlier.
Revenue rose 69.2% to 133.8734 trillion won, and net profit increased 474.3% to 47.2253 trillion won. The company said both revenue and operating profit were record highs on a quarterly basis, surpassing the previous peaks by a wide margin.
By division, the Device Solutions (DS) semiconductor business posted revenue of 81.7 trillion won and operating profit of 53.7 trillion won, leading the gains. The Device Experience (DX) business, which covers finished products, reported revenue of 52.7 trillion won and operating profit of 3 trillion won.
* This article has been translated by AI.
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