Handsets give Samsung another record-high profit

Samsung logs another record-high profit on smartphone, semiconductor business

Associated Press

SEOUL, South Korea (AP) -- Samsung Electronics Co. has reported another record-high quarterly profit thanks to revived semiconductor business and a record profit from handset sales.

The South Korean company said Friday its July-September net income rose 25 percent over a year earlier to 8 trillion won ($7.5 billion).

Third-quarter profit from its semiconductor business doubled over a year earlier while its mobile business posted a record-high profit.

Sales and operating profit also reached record high levels. Sales rose 13 percent to 59 trillion won while operating profit amounted to 10 trillion won, up 26 percent.

The maker of Galaxy smartphones is the largest supplier of smartphone, memory chips and televisions.

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