Seoul, Oct 14 || Samsung Electronics Co. on Tuesday estimated its third-quarter operating profit reached the highest level in more than three years, beating market expectations.
The world's biggest maker of memory chips expected an operating profit of 12.1 trillion won ($8.5 billion) for the quarter ending in September, up 31.8 per cent from 9.18 trillion won a year earlier, according to an earnings guidance released by Samsung Electronics, reports news agency.
It is the largest quarterly earnings since the second quarter of 2022, when the company posted a 14.1 trillion-won operating profit.
The third-quarter operating profit was 17.4 per cent higher than the average estimate from a survey.
Sales increased 8.7 per cent to a record 86 trillion won, surpassing the previous quarterly record of 79.1 trillion won set in the third quarter of last year. The data for net income was not available.