Samsung Electronics Q4 operating profit increases twenty six % on chip, display screen board sales

Samsung said its fourth quarter operating profit rose 26 %, pushed by sales of memory potato chips and display panels.
That has been within line with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion received, also meeting estimates on now.xyz.

Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the very first quarter of 2021, hurt by unfavorable currency actions at the mind chip company of its and the cost of new production lines.

The forecast comes despite anticipated stable demand for its mobile products and in its information centers business.

Samsung posted a twenty six % increasing amount of operating profit in the October December quarter on the rear of strong mind chip shipments and display earnings, despite the effect of a good won, the cost of a new chip production line, weaker memory chip costs, along with a quarter-on-quarter decline in smartphone shipments.

Samsung’s operating profit in the quarter quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion earned a season earlier, within type with all the company’s estimation earlier this month.

Revenue at the world’s top maker of memory chips and smartphones rose three % to 61.6 trillion won. Net benefit rose 26 % to 6.6 trillion received.