Seoul: Samsung Electronics Co. has announced a significant increase in its third-quarter net profit, reaching 10.1 trillion won (US$7.3 billion), which marks a 72.8 percent rise from the previous year. This financial performance highlights the company's robust growth over the past year. According to Yonhap News Agency, Samsung's regulatory filing revealed an operating profit of 9.18 trillion won for the quarter, a substantial increase compared to the 2.43 trillion won recorded in the same period the previous year. Additionally, the company's revenue witnessed a 17.3 percent rise, totaling 79.09 trillion won. Despite this impressive performance, the reported operating profit was 10.8 percent lower than the average estimate, as indicated by a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency. However, the survey did not provide an estimate for the net profit.
Samsung Electronics Reports 72.8% Increase in Q3 Net Profit to 10.1 Trillion Won.
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