Chip growth delivers Samsung Elec record third-quarter profit

Image
Reuters SEOUL
Last Updated : Oct 31 2018 | 6:15 AM IST

SEOUL (Reuters) - South Korean technology giant Samsung Electronics Co Ltd 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.

($1 = 1,138.4500 won)

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

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 31 2018 | 6:05 AM IST

Next Story