Samsung Electronics forecasts 25.7% jump in Q4 operating profit


  • Samsung
  • Friday, 08 Jan 2021

Samsung Electronics flagged a jump of more than 25% in Q4 operating profit Friday, with working from home under the coronavirus pandemic driving demand for the devices powered by its chips. — AFP

South Korean tech giant Samsung Electronics flagged a jump of more than 25% in Q4 operating profit Friday, with working from home under the coronavirus pandemic driving demand for the devices powered by its chips.

The world's biggest manufacturer of smartphones and memory chips said in an earnings estimate that it expected operating profit of 9 trillion won (RM0.33 trillion) for October to December, up from 7.16 trillion won (RM0.26 trillion) a year earlier.

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