Samsung electronics may post 35% profit in third quarter

Samsung electronics may post 35% profit in third quarter

Before the announcement of the third-quarter result, speculation is rife that Samsung Electronics Company Limited can post a 35 per cent hike in its profits for the third quarter ended September. As per analysts, the growth has been bolstered by a huge demand for smartphones and quick requirement by Huawei Technologies for memory chips.

Samsung, the global leader in the memory chips supplying business, will announce the July-September preliminary revenue and profit report on Thursday.

In all possibilities, the profit has risen to thirty-five per cent (£7.04 billion) compared to the same period of the last year. Refinitiv SmartEstimate estimated it based on analysts’ estimates.

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