Monday, October 20, 2003
Samsung Electronics reported net income of 1.84 trillion won in the third quarter (about $1.57 billion) on sales revenue that exceeded 11.26 trillion won (about $9.6 billion).
Samsung's memory chip, mobile telephone and liquid-crystal display divisions all set quarterly revenue records. Revenue for the memory division grew 40 percent to 2.55 trillion won (about $2.17 billion), thanks to an increase in flash memory sales.
The Telecommunication Network Business, which includes the mobile phone division, enjoyed 17.7 percent revenue growth to total 3.74 trillion won (about $3.19 billion). Demand for high-end handsets with color screens, cameras and camcorder functions drove unit sales up by 25 percent, or 15 million units, over the second quarter, Samsung reported.
Similarly sales for the TFT LCD division increased by 26 percent, reaching 1.4 trillion won (about $1.2 billion).
By: DocMemory
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