Home From the Wires Samsung profit jumps 26 percent

Samsung profit jumps 26 percent

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Friday, October 25, 2013

BBC: Samsung Electronics has reported a 26% increase in profit in the third quarter driven by strong smartphone sales and a recovery in its memory chip business.

It made a net profit of 8.24 trillion won ($7.6B) in the July-to-September quarter, up from 6.56tn won during the same period a year earlier.

Operating profit rose to a record 10.2 trillion won during the quarter.

 

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