Sam­sung notches record profit

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

Sam­sung’s quar­terly profit surged to a record high as sales of semi­con­duc­tors, flat pan­els and TVs climbed, but the elec­tron­ics gi­ant warned that in­ten­si­fy­ing com­pe­ti­tion in ar­eas such as mo­bile phones could dent earn­ings in com­ing quar­ters.

The world’s largest maker of com­puter me­mory chips, flat screen TVs and liq­uid crys­tal dis­plays booked net profit of 4.28 tril­lion won ($3.6 bil­lion) in the three-month pe­riod that ended June 30, up 83 per­cent from the same quar­ter last year.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.