It has been stated that South Korea's Samsung Electronics Co. Ltd, posted a profit of in the first quarter of this year. It was revealed that the profit in the first quarter increased due to a sturdy margin expansion and 21% expansion if growth.

This was increased by a strong demand for personal computers, which was triggered by the economic recovery. Memory prices also elevated with the ricocheting economy.

Samsung has projected that it expects that the demand will persist to grow in the second quarter as well.

Its earlier figures have been re-construed in compliance with K-IFRS.

Samsung is one of the world's leading manufacturers of computer memory chips and liquid crystal display screens.

The company posted a net profit of 3.99 trillion in the first quarter. There was an increase 0.58 trillion over the same quarter in the previous year. It was also more than 3.04 trillion as compared to the fourth quarter.

The officials at Samsung are anticipating a better performance in the second quarter. Analysts also conjecture that the company can surpass Hewlett Packard and will become the largest technology manufacturer based on revenue this year.