South Korea’s Samsung breaks sales, profit records
- Economy
- Anadolu Agency
- Published Date: 12:00 | 27 July 2017
- Modified Date: 01:17 | 27 July 2017
Samsung Electronics announced record profits for the quarter ending June on Thursday.
The company revealed an operating profit of 14.1 trillion South Korean won ($12.67 billion).
Samsung also said its net profit soared 89 percent year-on-year to reach 11 trillion won ($9.88 billion) -- a trillion won higher than estimated by Yonhap Infomax.
Overall sales rose nearly 20 percent to a record 61 trillion won ($54.80 billion) during the same period thanks to strong demand for memory chips, mobile devices and display panels.
The South Korean tech giant achieved strong earnings despite leadership problems.
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