Surprise Me!

Samsung Electronics' Q3 operating profits up 17% q/q, down 56% y/y

2019-10-08 1 Dailymotion

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.<br /> 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.<br />Sales amounted to some 52 billion dollars,... up ten percent on-quarter.<br />On-year, operating profits were down 56 percent,...while sales were down five percent...mainly on lower memory chip prices.<br />However, during the same period last year, Samsung Electronics posted some of its largest ever profits and sales. <br />

Buy Now on CodeCanyon