Samsung reports improved profit as losses from chip business narrow

The logo of the Samsung Electronics Co. is seen at its office in Seoul, South Korea, Tuesday, Oct. 31, 2023. Samsung Electronics on Tuesday reported its highest quarterly profit for the year and saw narrowed losses from its computer chip business amid a slow recovery in global demand. Samsung Electronics on Tuesday reported its highest quarterly profit for the year as losses from its computer chip business narrowed amid a slow recovery in global demand.

The South Korean technology giant’s 2.43 trillion won operating profit for the three months to September still marked a 77.6% decline from the same period last year as the company in past months has grappled with weak memory chip prices and the global economic shock of Russia’s war on. The company’s 67.4 trillion won revenue for the last quarter was a 12.2% drop from a year earlier.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Samsung reports improved profit as losses from chip business narrowSamsung Electronics has reported its highest quarterly profit for the year.
Source: wjxt4 - 🏆 246. / 63 Read more »

Samsung reports improved profit as losses from chip business narrowSamsung Electronics has reported its highest quarterly profit for the year.
Source: ksatnews - 🏆 442. / 53 Read more »

Samsung beats expectations on Q3 net profit, as chip business narrows lossesSouth Korean tech giant Samsung Electronics said its third-quarter net profit fell 38% on the year but more than tripled on the quarter to beat market...
Source: MarketWatch - 🏆 3. / 97 Read more »