Samsung Q3 profits up on growth in components

Thursday 29 October 2015 | 08:15 CET | News
Samsung Electronics reported a strong improvement in third-quarter profit as expected. Net profit rose to KRW 7.39 trillion from KRW 4.85 trillion a year ago, and operating profit improved to KRW 7.39 trillion from KRW 4.06 trillion. Revenues rose 8.9 percent to KRW 51.68 trillion, led by the display and semiconductor business, which grew revenue 24.7 percent to KRW 20.31 trillion. The mobile phone unit recorded sales up 10.3 percent to KRW 25.94 trillion. Samsung said it saw a strong increase in shipments compared to the second quarter, thanks to new smartphone models such as the Galaxy S6

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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