Chip growth delivers Samsung Electronics record third quarter profit

FILE PHOTO: Samsung Galaxy Watches are pictured during the preview day of the IFA trade show for consumer electronics and home appliances, in Berlin, Germany August 30, 2018. REUTERS/Christian Mang/File Photo - Copyright Christian Mang(Reuters)

By Reuters

Published on 31/10/2018 - 02:04•Updated 11/05/2024 - 01:22

Comments

SEOUL (Reuters) - South Korean technology giant Samsung Electronics Co Ltd <005930.KS> posted record quarterly profit on Wednesday, meeting expectations thanks to sales of semiconductors to data centres and higher production yields.

The world's biggest maker of memory chips and smartphones said operating profit rose 21 percent from a year ago to 17.6 trillion won ($15.5 billion) in the July-September period, in line the company's estimate.

(Reporting by Heekyong Yang and Ju-min Park; Editing by Stephen Coates)

Comments

Share prices fell after a weaker-than-expected annual forecast

Now playing Next

Business

Chip growth delivers Samsung Electronics record third quarter profit

You might also like

Arm's shares plunge amid concern over future growth prospects