Samsung Doubled Its Third Quarter Profit

Samsung's Quarterly Report: Significant Increase in Profit

Samsung Electronics achieved a remarkable increase in its third-quarter profit thanks to strong demand for memory chips stemming from artificial intelligence servers. The company reached a quarterly revenue of approximately 86 trillion won (60.4 billion dollars) during the July-September period, marking a 9 percent increase and setting a new record.

Significant Rise in Operating Profit

Samsung's operating profit for the last quarter was determined to be 12.2 trillion won (8.6 billion dollars). This represents a 160 percent increase compared to the previous quarter. The company reported that its semiconductor earnings were impacted by one-time costs such as inventory value adjustments and technology export restrictions to China during this period.

Increased Sales of Semiconductors and Mobile Phones

Rising sales of semiconductor products and mobile phones were among the key reasons for Samsung's growth. The demand in the artificial intelligence and data center market further boosted the company's profitability.