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

Samsung said the fourth quarter operating profit of its rose twenty six %, pushed by sales of mind fries and display panels.
That was in line along with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion earned, also conference estimates on

Jung Yeon je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the very first quarter of 2021, hurt by unfavorable currency movements at its memory chip company and the price tag of new production lines.

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

Samsung posted a 26 % increasing amount of operating profit in the October-December quarter on the backside of strong memory chip shipments and display profits, despite the effect of a reliable won, the cost of the latest chip output line, weaker memory chip prices, and a quarter-on-quarter drop of smartphone shipments.

Samsung’s running benefit in the fourth quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion earned a year earlier, within line with all the business’s estimate earlier this month.

Revenue at the the planet’s top maker of smartphones and memory chips rose three % to 61.6 trillion won. Net benefit rose 26 % to 6.6 trillion received.

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