Samsung profits up after chairman quits

$2.2 billion profit compensates for Lee loss

By Andrew Thomas

Fri Apr 25 2008, 10:23

SAMSUNG has posted some decent numbers just a few days after its chairman quit in a tax evasion scandal.

The chipmaker said its $2.2bn Q1 profits were up 37 per cent, comfortably beating analyst expectations.

The results were attributed to good sales in the mobile phone and display sectors, which offset disappointing performance in the memory division said Samsung.

Samsung Chairman Lee Kun-Hee stepped down last week following his indictment on tax evasion and corruption charges. µ

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Samsung profits up after chairman quits

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