Samsung Electronics logs biggest quarterly operating profit since 2018 in Q3
Updated: 2020-10-29 08:26:40 KST
South Korean tech giant Samsung Electronics has posted its biggest quarterly operating profit in two years.
The company announced on Thursday that it hauled in 10.nine billion U.S. dollars in operating profit for July to September this year.
That's an almost 59 percent jump from the same period a year earlier.
It also said its third quarter sales were up eight percent on-year, standing at around 59 billion dollars, which is an all-time high quarterly sales figure.
Analysts say Samsung Electronics' earnings surprise was led by strong performances in semiconductors, smartphones and home appliances.