Samsung Electronics Q4 operating benefit rises twenty six % on chip, display panel sales

Samsung said the fourth-quarter operating profit of its rose twenty six %, pushed by sales of memory fries and display panels.
This was inside line along with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, also meeting estimates on

Jung Yeon-je|AFP by Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the very first quarter of 2021, injured by bad currency actions at its memory chip business together with the expense of new production lines.

The forecast comes despite expected sound desire for its mobile products and in the information centers business of its.

Samsung posted a 26 % increasing amount of operating profit in the October-December quarter on the back of strong memory chip shipments and display earnings, despite the impact of a good won, the cost of a brand new chip cultivation line, weaker memory chip prices, along with a quarter-on-quarter fall in smartphone shipments.

Samsung’s operating profit within the quarter quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion earned a season prior, in model with all the company’s appraisal earlier this month.

Revenue at the the planet’s top maker of smartphones and memory chips rose 3 % to 61.6 trillion received. Net profit rose 26 % to 6.6 trillion received.