Samsung Electronics Profit Jumps to Record on Chips
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Samsung Electronics Co., Asia’s biggest maker of semiconductors, flat screens and mobile phones, said second-quarter profit jumped 83 percent to a record, fueled by a recovery in demand for computer-memory chips.
Net income climbed to 4.28 trillion won ($3.6 billion) from 2.33 trillion won a year earlier, the Suwon, South Korea-based company said today. Profit exceeded the 4.15 trillion won average of 11 analyst estimates compiled by Bloomberg. Sales rose 17 percent.