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Friday, October 25, 2013

Samsung posts record-high operating profit in Q3



SAMSUNG Electronics, the world's largest maker of smartphones, memory chips and flat screen TVs, said Friday that its third-quarter operating profit hit a new quarterly high due to robust sales of its Galaxy smartphones.

Operating profit was 10.16 trillion won (9.57 billion U.S. dollars) in the three months ending Sept. 30, up 26.08 percent from the same period of last year, according to the regulatory filing. The figure was up 6.64 percent from three months earlier, topping the prior record high of 9.53 trillion won in the previous quarter.
Sales increased 13.24 percent on year to 59.08 trillion won in the third quarter, breaching the prior high of 57.46 trillion won tallied in the second quarter. The reading was up 2.82 percent from three months ago.
Net income jumped 25.59 percent from a year earlier to 8.24 trillion won in the third quarter. The figure was up 6.06 percent from the prior quarter.

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