Samsung reports record-high profit for Q3
SEOUL (AP) - Samsung Electronics said its operating profit for the July-September quarter rose to another record-high.
The South Korean company said in its Friday earnings preview that its third-quarter operating income rose 25 percent over a year earlier to 10.1 trillion won (S$11.7 billion).
The result is slightly higher than the market consensus of US$9.3 billion (S$11.6 billion), according to FactSet, a financial data provider.
The maker of Galaxy smartphones said the third-quarter sales increased 13 percent to a record-high of 59 trillion won.