Samsung Electronics Q3 profit nearly triples to new record

Samsung's revenue jumped 29.8 per cent to 62 trillion won, also in line with its earlier estimate.
Samsung's revenue jumped 29.8 per cent to 62 trillion won, also in line with its earlier estimate. PHOTO: REUTERS

SEOUL (REUTERS) - Samsung Electronics on Tuesday (Oct 31) said income from memory chips helped it book record quarterly profit for the three months through September, as the South Korean tech firm reported earnings that matched its earlier guidance.

Operating profit nearly tripled in the third quarter from the same period a year earlier to 14.5 trillion won (S$17.54 billion), Samsung said in a regulatory filing. That compared with 14.5 trillion won estimated earlier in October.

Revenue jumped 29.8 per cent to 62 trillion won, also in line with its earlier estimate.