Samsung Elec Q3 profit rises to 3-year high on chip sales By Reuters

by Msnbctv news staff

© Reuters. FILE PHOTO: The emblem of Samsung Electronics is seen on a dish washer at its retailer in Seoul, South Korea, August 27, 2020. REUTERS/Kim Hong-Ji/File Photograph

SEOUL (Reuters) – Samsung Electronics (OTC:) Co Ltd’s third-quarter revenue rose 28% to its highest in three years, as sturdy reminiscence chip costs, chip contract manufacturing and show gross sales outweighed elevated prices to provide client electronics.

Working revenue rose to fifteen.8 trillion gained ($13.48 billion) for July-September, from 12.35 trillion gained a yr earlier, the world’s high maker of reminiscence chips and smartphones stated.

That was in step with the corporate’s estimate of 15.8 trillion gained earlier this month.

($1 = 1,172.0300 gained)

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