Samsung Q3 profits soar by 58% – is there an India connect here? null

South Korean giant Samsung Electronics posted an operating income of $10.6 billion (12.3 trillion won)in the three months ended September, beating the 10 trillion won average of market estimates.

In comparison to the numbers posted last year, Samsung’s operating profit has jumped substantially by 58% from  $6.73 billion (7.78 trillion won), and sales have risen by 6.45% from $53.61 billion (62 trillion won). The company’s sales and operating profit in Q2 2020 were 52.97 trillion won and 8.15 trillion won, respectively.