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

Samsung said the fourth quarter operating profit of its rose 26 %, led by sales of mind potato chips as well as display panels.
That was within line with the tech giant’s direction this month.
Samsung also said revenue rose 3 % to 61.6 trillion earned, also conference estimates on now.xyz.

Jung Yeon-je|AFP by Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the first quarter of 2021, injured by unfavorable currency actions at its mind chip business and the price tag of brand new production lines.

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

Samsung posted a twenty six % increasing amount of operating profit inside the October-December quarter on the back of strong mind chip shipments and display earnings, despite the impact of a strong won, the cost of a brand new chip cultivation line, weaker memory chip prices, in addition to a quarter-on-quarter fall in smartphone shipments.

Samsung’s operating benefit in the quarter quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion earned a year earlier, inside model with the business’s appraisal earlier this month.

Revenue at the world’s top maker of memory chips and smartphones rose three % to 61.6 trillion won. Net profit rose twenty six % to 6.6 trillion won.

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