Samsung’s profit soars 49% in the third quarter


direct: Samsung Electronics’ profits rose by about 49 percent during the third quarter of this year, but it warned of a decline in its fourth quarter profits.

The company’s business results, released Thursday, showed that its net profit rose to 9.36 trillion won (US $ 8.2 billion) in the three months ending last September, compared to profits of 5.56 trillion won in the same period last year.

The company’s operating profits rose by 59 percent in the third quarter of this year on an annual basis, to 12.35 trillion won ($ 10.89 billion).

Samsung’s revenue rose to 66.96 trillion South Korean won ($ 59.1 billion), compared with 52.97 trillion South Korean won.

The company’s chip profit jumped 82 percent to 5.54 trillion South Korean won.

Samsung warned of a decline in its profits during the fourth quarter of this year, with the decline in demand for smart phones.


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