SEOUL – Samsung Electronics said Thursday its operating profit for the last quarter jumped 46% from a year earlier driven by increased sales of smartphones and televisions as its business continues to flourish amid the pandemic.
The South Korean tech giant also said its quarterly revenue of 65.39 trillion won ($59 billion) was its highest for the first three months of the year.
The company’s operating profit of 9.38 trillion won ($8.5 billion) would have been higher it not for an underperforming semiconductor business, which was impacted by a storm-related shutdown at its chip plant in Austin in February and declining prices of NAND memory chips.