Samsung announced preliminary financial results for the third quarter. South Korean IT giant for the first time in the last two years recorded an increase in profit. Amid news the company’s stock price was up 5.6%. As noticeable lifting on the stock exchange the Corporation has not been since June 2013.
According to the results of a three-month reporting period ended the company September 30, 2015, Samsung made an operating profit of 7.3 trillion won (about $6.3 billion), which is 79.8% higher than a year earlier. The last time an earnings growth was recorded in the third quarter of 2013, when annual growth was 26%. The company’s quarterly revenue rose 7.5%, to 51 trillion won ($44 billion).
Figures for net profit and revenues of divisions are not yet named, as will be disclosed in the financial part of the final report in October. Experts believe that the most profitable division of Samsung semiconductor business remains, growth in operating profit amounted to 54% reaching 3.5 trillion won ($3 billion) in the third quarter. Sales here are estimated by experts at 12 trillion won ($10.4 billion). A significant role in the increase in profit Samsung has played a record-breaking sales of the iPhone 6s and iPhone 6s Plus. Apple ordering the South Korean partner of mobile processors Apple A9.
In the display business of Samsung expect a profit of 700 billion yen ($600 million), which is almost 12 times more than in the same period a year ago.
We will remind, in September the court of appeal in the United States banned the use of Samsung devices in several functions, which, in the opinion of the court, violate the copyrights of Apple. Speech, in particular, on the functions of unlocking the device-correction function, and quick links. The solution allows you to ban the sale of devices with such features, but apparently, Samsung has prepared for this decision.
