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

Samsung said its fourth-quarter operating profit rose twenty six %, pushed by sales of memory fries as well as display panels.
This was in line with the tech giant’s direction this month.
Samsung also 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 initial quarter of 2021, injured by unfavorable currency actions at the mind chip company of its together with the expense of new production lines.

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

Samsung posted a 26 % increase in operating profit within the October December quarter on the rear of strong mind chip shipments and display earnings, despite the impact of a good won, the cost of a new chip production line, weaker memory chip costs, along with a quarter-on-quarter decline of smartphone shipments.

Samsung’s working benefit within the fourth quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion won a year prior, within line from the business’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.

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