SEOUL – Samsung Electronics Co. said Thursday its operating profit for last quarter rose by more than 26% as it capped off a robust business year where its dual strength in parts and finished products allowed it to thrive amid the pandemic.
But the South Korean tech giant expected its profit to weaken in the current quarter with a weak dollar and costs associated with expanded production lines likely affecting its bread-and-butter computer memory chip business.
Samsung has also dealt with legal issues surrounding its vice chairman and de facto chief, Lee Jae-yong, who last week was sentenced by the Seoul High Court to two and a half years in prison for his involvement in a 2016 corruption scandal that spurred massive protests and ousted