10/28/2021, 2:37 AM (Source: TeleTrader)
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Samsung's operating profit hits 3-year high in Q3

Samsung Electronics Co. Ltd. revealed in its income statement released on Thursday that its operating profit jumped to the highest level in three years in the third quarter of 2021, landing at 15.8 trillion won ($13.4 billion) which marks a year-on-year jump of 28% and a quarter-on-quarter jump of 25.9%.

For the three months through September, the South Korean tech giant booked a net profit of 12.3 trillion won ($10.5 billion), which is 31.3% more on an annual basis. The company saw its total sales rising by 9% to 73.9 trillion won from last year's 66.9 trillion won, while its basic earnings per share (EPS) landed at 1,776 won, up from last year's 1.364 won.

"The company plans to improve earnings significantly by expanding supply of advanced processes of sub-5-nm process as well as increasing sales to global customers and normalizing prices for sustainable future investment," Samsung stated.

Baha Breaking News (BBN) / NL