Samsung says third quarter operating profits soar to US$6.6 billion, but misses forecast

Quick Summary:

Although operating profit nearly tripled compared to a year ago, it was down 12 per cent compared to the previous quarter.

The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the biggest of the family-controlled conglomerates that dominate business in Asia’s fourth-largest economy.

It also warned in a statement that “the strength of the Korean won against the US dollar resulted in a negative impact on companywide operating profit”.

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Article Details

Author / Journalist: Agence France-Presse

Category: Technology

Markets: Hong KongSouth Korea

Topics: Quarter Samsung Operating Says Electronics Us$6 Profits Year Cent Soar Third

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 11:08:18 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 200 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23344733

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