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

Samsung said the fourth-quarter operating profit of its rose twenty six %, pushed by sales of memory potato chips and display panels.
That was within line together with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion won, also meeting estimates on now.xyz.

Jung Yeon je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the initial quarter of 2021, injured by bad currency movements at the memory chip company of its together with the expense of brand new production lines.

The forecast comes despite anticipated stable demand for its mobile products and in the information centers business of its.

Samsung posted a twenty six % increase in operating profit in the October-December quarter on the rear of strong memory chip shipments and display earnings, despite the effect of a good won, the cost of a new chip cultivation line, weaker mind chip costs, along with a quarter-on-quarter fall of smartphone shipments.

Samsung’s operating benefit inside the quarter quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion earned a season prior, inside line with all the business’s estimation earlier this month.

Revenue at the earth’s top maker of smartphones as well as memory chips rose three % to 61.6 trillion won. Net benefit rose 26 % to 6.6 trillion won.