Seoul Jan 7 (BUS): Samsung Electronics expects its fourth-quarter operating profit to rise about 52.49 percent from a year ago, reflecting strong demand for server memory chips and higher margins. The company’s quarterly sales will increase by 23.48 percent.
South Korean tech giants reported operating profit of about KRW 13.80 trillion (US$11.48 billion) in the fourth quarter, compared to the 9.05 trillion won reported last year, while posting operating profit of about KRW 15.82 trillion in the third quarter. .
The company also expects consolidated sales for the fourth quarter to be around 76 trillion won, compared to 61.55 trillion won last year. It reported consolidated sales of about 73.98 trillion won in the third quarter. The German News Agency (dpa) said that the results of the fourth quarter earnings will be released later this month.
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