Samsung Electronics sees massive operating profit

South Korea's Samsung Electronics said Friday first-quarter net profit surged more than six-fold from a year earlier to 3.99 trillion won (3.6 billion dollars) amid stronger demand and higher memory chip prices.Samsung, the world's largest maker of computer memory chips and flat screen televisions, also reported a record operating profit of 4.41 trillion won as global demand for consumer electronics perks up after the financial crisis.

South Korea's Samsung Electronics said Friday first-quarter net profit surged more than six-fold from a year earlier to 3.99 trillion won (3.6 billion dollars) amid stronger demand and higher memory chip prices.Samsung, the world's largest maker of computer memory chips and flat screen televisions, also reported a record operating profit of 4.41 trillion won as global demand for consumer electronics perks up after the financial crisis.

South Korea's largest company Samsung Electronics Friday reported a 75 percent rise in full-year net profit to 9.65 trillion won (8.3 billion dollars).The figure compares with 5.526 trillion won in 2008.Samsung also reported a rise in full-year operating profit, to 6.349 trillion won from 4.134 trillion. Revenue in 2009 increased to 89.773 trillion won compared to 72.953 trillion in 2008.For the fourth quarter alone the company said it swung to an operating profit of 3.7 trillion won from an operating loss of 740 billion a year earlier.

South Korea's Samsung Electronics Friday reported a record operating profit of 4.41 trillion won (four billion dollars) in the first quarter as stronger demand drove chip prices up.Net profit was 3.99 trillion won in January-March and revenue increased 21 percent year-on-year to 34.64 trillion won, the firm said in a statement. The figures include results from overseas subsidiaries.The operating profit represented a 643 percent increase year-on-year and beat the previous high of 4.22 trillion won in the third quarter of 2009.

South Korea's largest company Samsung Electronics Friday reported a 75 percent rise in full-year net profit to 9.65 trillion won (8.3 billion dollars).The figure compares with 5.526 trillion dollars in 2008.Samsung also reported a rise in full-year operating profit, to 6.349 trillion won from 4.134 trillion. Revenue in 2009 increased to 89.773 trillion won compared to 72.953 trillion in 2008.

South Korea's LG Electronics Wednesday reported a 33 percent drop in its second-quarter net profit compared to a year earlier as its mobile phone business lost money for the first time in four years.The world's third-largest mobile phone maker reported an overall net profit of 856 billion won (721 million dollars) from April-June, compared to 1.28 trillion won a year earlier.Sales fell 0.7 percent year-on-year to 14.41 trillion won, while operating profit plunged 90 percent to 126.2 billion won from a revised 1.24 trillion won a year earlier.

Reuters - Samsung Electronics Co Ltd (005930.KS), the world's top maker of memory chips and flat screen TVs, estimated its October-December consolidated operating profit at a median 3.7 trillion won ($3.27 billion).