Samsung Reports Record Operating Profit in Q3

Profit came in at $3.5 billion

Samsung Electronics on Oct. 6 predicted a record quarterly operating profit of $3.5 billion in July-September.

The company, the world's top maker of memory chips and flat TV screens, said in a statement it estimated consolidated operating profit for the third quarter at 4.1 trillion won (US$3.5 billion.)

The estimate would exceed its previous record quarterly operating profit of 4.0 trillion won in the first quarter in 2004. It compares with 1.48 trillion in the third quarter of 2008.

Consolidated sales for the third quarter are estimated at 36 trillion won, up from 30.27 trillion a year earlier, the company.

Copyright Agence France-Presse, 2009

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