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Samsung Elec profit beats expectations as hopes rise for smartphone recovery

Tech giant Samsung Electronics said on Thursday its first-quarter operating profit likely rose 10.4 percent from a year earlier, beating expectations and pointing to strong sales of its new Galaxy S7 smartphones.

The outlook will raise hopes the South Korean firm's struggling mobile business is on track to post its first annual profit gain in three years after a healthy start for new premium products and improved mid-to-low tier devices.

The world's top smartphone maker said in a regulatory filing its January-March...


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