Samsung's 3rd-quarter net profit rises 17 percent
Samsung Electronics says net profit rose 17 percent in the third quarter amid strength in its semiconductor and mobile phone businesses.
The company said Friday in a regulatory filing and statement that it earned 4.46 trillion won ($3.97 billion) in the three months ended Sept. 30. It had net profit of 3.81 trillion won the year before.
Samsung Electronics Co. said third-quarter sales rose 12 percent to 40.23 trillion won, also a record. That compares with sales of 35.89 trillion won last year.
Samsung is a major force in the global electronics industry and manufactures computer memory chips, flat screen televisions and liquid crystal displays and mobile phones.