Samsung posts record profits in Q3

October 31st, 2017   decode   news

After releasing its preliminary guidance two weeks ago, now Samsung has posted its official earnings for Q3 2017. The company registered KRW14.53 trillion in operating profit or $13 billion. This is a massive 179% growth year over year and a record, enabled by high demand for flagship mobile devices and memory chips for servers.

The revenue reported by Samsung is KRW62.05 trillion ($55.48 billion) which is an increase from KRW47.82 trillion ($42.75 billion). The net profit also increased drastically – an 89% jump from KRW4.54 trillion ($4.05 billion) in June-September 2016 to KRW11.19…

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