7 billion euro profit
The third quarter of 2013 delivered anoperational profit of 10.1 trillion won (nearly 7 billion euro), a 25 percent increase compared to the same period in 2012 and 6
percent more than this year’s second quarter, which was also a record-breaking
quarter.
Turnover in the third quarter rose
13 % to 59 trillion won (nearly 40 billion euro) as prices for memory
chips and semi-conductors are at their highest point in three years, benefiting
Samsung hugely. The past few years’ heavy investments and a fire at SK Hynix, the
second largest chip producer worldwide, meant Samsung had a remarkable
turnover.
The slower growth of Samsung’s more expensive
products was compensated by the elevated
demand for cheap phones in Asia. Thomson Reuters predicts Samsung will
finish its fiscal year with profits of 38.5 trillion won (26 billion euro),
which means it would outperform 2012 by a third, despite that year registering
a record profit already.
