Samsung nearly doubles Q3 profit on strong mobile sales

Friday 26 October 2012 | 08:57 CET | News
Samsung Electronics reported a near doubling in third-quarter profits thanks to continued strong growth at its handset division. Net profit rose 91 percent from a year earlier to KRW 6.56 trillion, and sales increased 26 percent to KRW 52.18 trillion. The mobile communications division was the main contributor, growing sales 67 percent to KRW 29.92 trillion and more than doubling operating profit to KRW 5.63 trillion versus KRW 2.42 trillion a year ago. Samsung attributed the strong results to sales of high-end phones such as the Galaxy S III and a better product mix. While it did not release

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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