FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea January 7, 2019. REUTERS/Kim Hong-Ji/File photo
SEOUL (Reuters) - Samsung Electronics Co Ltd shares jumped on Friday after it said its fourth quarter operating profit likely rose 26% as coronavirus pandemic driven remote working and TV-watching fuelled sales of chips and display panels.
Samsung Electronics shares rose as much as 8.6% in afternoon trade to a record high, compared to a 3.9% rise in the wider market, due to an earlier-than-expected rebound in memory chip prices, analysts said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
