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Samsung's 3rd-quarter net profit rises 17 percent

Thu, 10/28/2010 - 5:05pm
The Associated Press

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.

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