Samsung flags 26% profit boost on chip, display sales
South Korean giant gets boost from remote working, offsetting weaker smartphone sales
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South Korean giant gets boost from remote working, offsetting weaker smartphone sales
Samsung Electronics Co Ltd shares jumped on Friday after it said its fourth quarter operating profit likely rose 26% as coronavirus pandemic driven remote working and TV-watching fuelled sales of chips and display panels.
Samsung Electronics Co Ltd said on Friday that fourth-quarter operating profit likely rose 26%, in line with analysts' estimates, as pandemic-driven remote working fuelled sales of chips and display panels.
SAMSUNG ELEC-RESULTS/ (UPDATE 4, PIX):UPDATE 4-Samsung Elec shares jump on upbeat chip outlook as Q4 profit rises
Samsung Electronics Co Ltd shares jumped on Friday after it said its fourth quarter operating profit likely rose 26% as coronavirus pandemic driven remote working and TV-watching fuelled sales of chips and display panels.