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31 Jan
08:10

Samsung Electronics reports on-quarter growth in Q4 2023

South Korean giant Samsung Electronics said Wednesday its net profit rose 8.5% in Q4 compared to the previous quarter due to improved performance in its higher priced memory chip products, Kallanish notes. The company reported a net profit of KRW 6.34 trillion ($4.75 billion) in the last quarter of 2023. Despite the quarterly growth, that result is 73.4% lower than achieved in Q4 2022. Sales in Samsung’s memory chip business during October-December reached…
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