Samsung profits up after chairman quits

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

L'Inq
Samsung results (PDF)