Samsung Electronics' Q3 operating profits up 17% q/q, down 56% y/y
- 5 years ago
South Korean tech giant Samsung Electronics saw its operating profits rise on-quarter in the third quarter,... but the profits were down sharply from the same period last year.
According to its preliminary earnings report released on Tuesday,... Samsung Electronics recorded operating profits of some six-point-four billion U.S. dollars in the July-to-September period, up 17 percent on-quarter.
Sales amounted to some 52 billion dollars,... up ten percent on-quarter.
On-year, operating profits were down 56 percent,...while sales were down five percent...mainly on lower memory chip prices.
However, during the same period last year, Samsung Electronics posted some of its largest ever profits and sales.
According to its preliminary earnings report released on Tuesday,... Samsung Electronics recorded operating profits of some six-point-four billion U.S. dollars in the July-to-September period, up 17 percent on-quarter.
Sales amounted to some 52 billion dollars,... up ten percent on-quarter.
On-year, operating profits were down 56 percent,...while sales were down five percent...mainly on lower memory chip prices.
However, during the same period last year, Samsung Electronics posted some of its largest ever profits and sales.