Despite its scandals, Samsung is set for one of its best-ever quarters

The firm is expected to record a 48% profit increase...

Despite its scandals, Samsung is set for one of its best-ever quarters

Richard B. Levine/SIPA USA/PA Images

Samsung has been grabbing headlines over the past year for all the wrong reasons.

While its botched Galaxy Note 7 launch (which was recalled after a number of devices exploded) and the arrest of its vice-chairman and effective leader Lee Jae-Yong (for alleged bribery, embezzlement, and perjury, though he denies any wrongdoing) have been well-publicised, in the background it has been business as usual for the company.

Its microchip division's success is set to deliver the company's strongest quarter in almost four years.

The company is expecting to report an operating profit of €8.3bn - that's 48% higher than the same period last year.

It's become the global leader in memory chip manufacturing and its chips are used by a number of the world's leading tech companies.

Samsung is also a key supplier of hi-tech screen technology to other firms.

These results come before the launch of its new Galaxy S8 flagship phone (which looks set to be a hit) - it goes on sale on April 21st.

The phone will help the company to gain ground on Apple at the top-end of the market, and its mid-tier offerings are taking off in China, meaning that 2017 is set to be a massive year for the South Korean firm.

Samsung's sales are reported to account for up to one-fifth of South Korea's GDP.