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Post By MindHunter
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Samsung Electronics fourth-quarter profit up 64 percent on-year to new record
Samsung Electronics Co Ltd posted a record quarterly profit, as expected, for the three months through December, led by strong demand for memory chips.
Operating profit for the world’s biggest chipmaker was 15.15 trillion won ($14.12 billion) in the fourth quarter, up 64.3 percent from a year ago and in line with the 15.1 trillion won the company had estimated.
Revenue jumped 23.7 percent to 66 trillion won, also in line with its earlier estimate.
($1 = 1,072.6500 won)
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