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Samsung Electronics reports 50 pct jump in Q4 operating profit

All News 08:46 January 24, 2017

SEOUL, Jan. 24 (Yonhap) -- Samsung Electronics Co. said Tuesday its operating profit for the fourth quarter of 2016 jumped 50.11 percent on year, thanks to rising prices of semiconductors and display panels.

Operating profit, which excludes income from subsidiaries, stood at 9.2 trillion won (US$7.89 billion) for the October-December period last year, compared with 6.14 trillion won for the same quarter in 2015, Samsung said in a regulatory filing.

Compared with a quarter earlier, fourth-quarter operating profit surged 77.34 percent.

Fourth-quarter sales gained 0.03 percent on year to 53.3 trillion won, Samsung said.

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