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Samsung reports record-high profit for 3Q


October 03. 2013 8:36PM
Associated Press

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(AP) Samsung Electronics says its operating profit for the July-September quarter rose to another record-high.


The South Korean company said in its Friday earnings preview that its third-quarter operating income rose 25 percent over a year earlier to 10.1 trillion won ($9.4 billion).


The result is slightly higher than the market consensus of $9.3 billion, according to FactSet, a financial data provider.


The maker of Galaxy smartphones said the third-quarter sales increased 13 percent to a record-high of 59 trillion won ($55 billion).


Samsung did not disclose net income or details of its financial performance. Its full results will be announced later this month.


But analysts said robust sales of mid- to low-end smartphones and improved profit from semiconductor businesses were behind another record-high quarter.


Associated Press


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