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Samsung Elec Q1 operating profit rises 46% on strong phone, TV sales

SEOUL, April 29 (Reuters) - Samsung Electronics Co Ltd reported a 46% rise in first-quarter profit on Thursday from brisk sales of smartphones and TVs, despite a fall in chip earnings after a storm-related cut in U.S. output and the costs of a production ramp-up.

Operating profit rose to 9.4 trillion won ($8.48 billion) for the quarter ended March from 6.45 trillion won a year earlier, the world’s top maker of memory chips said. That was slightly higher than the company’s estimate of 9.3 trillion won earlier this month.

$1 = 1,108.9800 won Reporting by Joyce Lee and Heekyong Yang; editing by Richard Pullin

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