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Samsung's 4th-quarter net profit rises 13 percent

Samsung's 4th-quarter net profit rises 13 percent

Samsung Electronics says net profit rose 13 percent in the fourth quarter amid strength in semiconductors and smartphones.
The company says that it earned 3.42 trillion won ($3.1 billion) in the three months ended Dec. 31. It had net profit of 3.04 trillion won the year before.
Samsung Electronics Co. said Friday that fourth-quarter sales rose 7 percent to 41.87 trillion won. That compares with sales of 39.25 trillion won the year before.
Samsung is South Korea's largest company and a major global technology force. It manufactures products including computer memory chips, flat screen televisions, liquid crystal displays, mobile phones and home appliances.


Updated : 2021-01-19 19:42 GMT+08:00