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Samsung Electronics 2020 estimated operating profits up 29.6% on-year Updated: 2021-01-28 08:48:59 KST

South Korean tech giant Samsung Electronics has estimated its operating profits in 2020 to be up almost 30 percent from the previous year.
In its earnings guidance on Thursday, the company expected its operating profits to be around 32.5 billion U.S. dollars, with sales amounting to some 213-billion dollars.
In the fourth quarter last year, Samsung posted a 26 percent on-year jump in operating profits, meeting market expectations.
This was largely due to strong memory chip sales and display profits,despite weaker chip prices.
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