Visitors try out Samsung Electronics Galaxy S8 Plus smartphones at its shop in Seoul, South Korea, Thursday, April 27, 2017. (AP Photo/Ahn Young-joon)
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Samsung Electronics Co. Ltd. Thursday flagged stronger earnings and announced a cancellation of Treasury shares after posting a solid first-quarter profit boosted by the memory chip business, sending its shares to a new high.First-quarter operating profit for Asia's most valuable company by market capitalization was 9.9 trillion won ($8.75 billion), matching Samsung's earlier guidance.The fund had called for Samsung to adopt a holding company structure by splitting itself in two, and to pay out a 30 trillion won a special dividend.Samsung had no new premium product generate meaningful sales in the January-March period.
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