Chip sales boost Samsung Electronics operating profit www.asia.nikkei.com
SEOUL -- Brisk demand for semiconductor chips boosted Samsung Electronics' consolidated operating profit in 2016 by 11% to 29.2 trillion won ($25.1 billion), the second-highest level ever, the South Korean company said Tuesday.
Operating profit for the semiconductor segment grew 6% from a year earlier to a record 13.6 trillion won. The company also said it will conduct a stock buyback totaling about 9.3 trillion won.
Published Date:2017-01-24