April 27, 2024
Samsung
Samsung’s net profit more than doubles in Q3
[THE INVESTOR] Samsung Electronics on Oct. 31 said its third-quarter net profit more than doubled on-year, mainly led by strong returns from its chip business amid an industrywide boom.
Net profit came to 11.1 trillion won (US$9.87 billion), jumping from 4.53 trillion won posted a year earlier, the company said through a regulatory filing.
Operating profit came to 14.53 trillion won in the July-September period, also rising sharply from 5.2 trillion won posted last year. The figure met the estimate of 14.5 trillion won announced by Samsung through a guidance report earlier this month.
Sales also advanced 29.7 percent to reach 62 trillion won over the cited period, the company added
By Alex Lee and newswires (alexlee@heraldcorp.com)
Net profit came to 11.1 trillion won (US$9.87 billion), jumping from 4.53 trillion won posted a year earlier, the company said through a regulatory filing.
Operating profit came to 14.53 trillion won in the July-September period, also rising sharply from 5.2 trillion won posted last year. The figure met the estimate of 14.5 trillion won announced by Samsung through a guidance report earlier this month.
Sales also advanced 29.7 percent to reach 62 trillion won over the cited period, the company added
By Alex Lee and newswires (alexlee@heraldcorp.com)
