Net profit excluding minority interests grew 7.3% to 7.48T won ($7.2B) and beat forecasts of 6.75T won, while revenues increased 3% to 53.68T won.
Operating profit at Samsung's mobile division fell 1.2% to 6.43T won ($6.2B) but surpassed expectations of 5.9T won, with the company shipping 113M phones and tablets. Margins were unchanged at 19.8%.
Operating earnings breakdown at other units: chip business almost doubled to 1.95T won from 1.07T won; display swung to a loss of 80B won from a profit of 770B won, hurt by increased costs for a production ramp-up and falling selling prices; TV and home-appliances 190B won.
Samsung forecasts that profits will rally in Q2 and beyond, lifted by strong sales of its new Galaxy S5 flagship device - which are expected to outstrip those of the S4 - as well as "improved sales of display panels and home appliances." (PR)