[THE INVESTOR] Samsung Electronics on Jan. 31 said its fourth-quarter operating net profit rose 72.9 percent from a year earlier on rising chip demand.
Net profit came to 12.25 trillion won (US$11.40 billion) in the October-December period, compared with 7.08 trillion a year earlier, the company said in a regulatory filing.
The Korean tech giant said its operating profit hit a quarterly record of 15.15 trillion won in the fourth quarter.
Operating profit is in line with Samsung‘s earnings guidance released earlier this month, which estimated operating profit at 15.1 trillion won.
Sales rose 23.7 percent to 65.9 trillion won in the three month period from a year earlier, also marking a quarterly record.
By Song Seung-hyun and newswires (
ssh@heraldcorp.com)