Samsung braces for prolonged geopolitical and economic fallout

Tech company's Q1 net profit jumps, but Ukraine, China COVID risks lurk

20220427 Samsung

Samsung's profits are solid but the future is clouded by global risks. © Reuters

KIM JAEWON, Nikkei staff writer

SEOUL -- Samsung Electronics said on Thursday that it is bracing for extended global political and economic turmoil, as the war in Ukraine and China's COVID-19 lockdowns increase risks for its businesses, even as net profit for the first quarter surged nearly 60%.

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