Samsung publish its financial results for the third quarter




Announced Samsung South Korean electronics giant and a rise in net profit compared to the third quarter of last year, and 30% comes from growth thanks to the mobile phones sector, the semiconductor sector.

Samsung Electronics Co. reported that its net profit for the third quarter amounted to $ 4.8 billion, an increase of 29.4% compared to a net profit in the third quarter of last year, which amounted to $ 3.7 billion, but down 5% compared with the second quarter of this year, which amounted to the company’s net profit countries where 4.9 billion.

And announced that Samsung, which had been the victim of a series of financial reporting disappointing during the last seven quarters in its new report earnings the third quarter ended on October 29 on revenues of $ 45.2 billion, while operating profit amounted to $ 6.4 billion, which rose for the third quarter of last year’s numbers, which were 41.6 billion of revenue and $ 3.6 billion operating profit.

The third quarter of this year, revenues rise by 6% compared to the second quarter of this year, when the company achieved revenues of $ 42.5 billion.

In spite of the rise in net profit but the Samsung did not publish its forecast financial results for the fourth quarter of this year.

He noted Samsung’s report on the financial results for the third quarter which was released on Thursday morning to the growth in sales in most of the sectors where the growth of technology and the handset division showed 8.3% for this year, as hardware solutions, which includes semiconductors and paintings screens Dept. saw supply growth rate of 24.7%, It also said that operating profit also increased in all sectors.

It attributed Samsung’s overall increase for the growth of their profits to the strong growth in shipments of smart phones including the S6 Edge phone + and Note 5 and A8 and J5, and the expansion of the fourth-generation networks in different parts of the world and increased demand for memories and increase the popularity of display panels for middle and low Bhalwatv, and growth in hardware shipments TV, especially in North America and Europe and increased demand for digital home appliances in North America.

The results of Samsung in July indicate a decrease of 8% in net profits of $ 5.4 billion to $ 4.9 billion.


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