Major tech group Samsung Electronics Co. Ltd. expects to maintain its strong momentum this year, as it suggested another record first-quarter earnings result on Friday.

Announcing primarily guidance for its first-quarter 2018 financial period, the South Korean company forecast January-March operating profit to rise by 57.6 percent from the previous year to ₩15.6 trillion ($14.7 billion), beating analysts’ estimate of ₩14.5 trillion.

Total revenue are projected at ₩60 trillion ($56 billion), adding 18.7 percent from ₩50.55 trillion in the same quarter last year.