Samsung Electronics' operating profit almost tripled in the third quarter from a year ago thanks to brisk sales of semiconductors, a regulatory filing showed Tuesday.
Operating profit reached 14.53 trillion won (12.94 billion U.S. dollars) in the July-September quarter, almost tripling 5.2 trillion won tallied in the same quarter of last year.
The reading topped the previous record high of 14.07 trillion won registered in the previous quarter.
The record-breaking profit was led by the upbeat earnings in the semiconductor division, which posted an operating profit of 9.96 trillion in the September quarter.
In the third quarter of last year, the chip business logged an operating profit of 3.47 trillion won.
Samsung's revenue advanced 29.8 percent from a year earlier to 62.05 trillion won in the third quarter. Net income amounted to 11.19 trillion won in the quarter, more than doubling 4.54 trillion won tallied a year earlier.
Operating profit reached 14.53 trillion won (12.94 billion U.S. dollars) in the July-September quarter, almost tripling 5.2 trillion won tallied in the same quarter of last year.
The reading topped the previous record high of 14.07 trillion won registered in the previous quarter.
The record-breaking profit was led by the upbeat earnings in the semiconductor division, which posted an operating profit of 9.96 trillion in the September quarter.
In the third quarter of last year, the chip business logged an operating profit of 3.47 trillion won.
Samsung's revenue advanced 29.8 percent from a year earlier to 62.05 trillion won in the third quarter. Net income amounted to 11.19 trillion won in the quarter, more than doubling 4.54 trillion won tallied a year earlier.
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