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Samsung reports bumper profits in Q3 but warns of profit slump in Q4

Samsung reports bumper profits in Q3 but warns of profit slump in Q4

Samsung reported rise in operating profit by nearly 60% to 12.35 trn won for Q3 compared to same period last year. Refinitiv prediction showed 11.1 trn won in operating profit. Similarly sales for Q3 rose about 6% to 67 trn won against analysts prediction of 64.7 trn won. However Co. warned decline in profit in Q4, driven by weakening demand for memory chips and slowing smartphone sales.

Milan
Milan
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