The Samsung logo is seen on an Android mobile phone.
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SINGAPORE – Samsung Electronics said on Friday that its operating profit for the December quarter had probably increased by 26% from a year ago to 9 trillion Korean won ($ 8.22 billion).
This was largely in line with analysts’ estimate of 9.1 trillion won, according to Refinitiv SmartEstimate.
Samsung Electronics shares in South Korea rose 1.33% in early transactions.
The company said its consolidated sales in the fourth quarter probably reached 61 trillion won, up almost 2% from a year earlier. Samsung did not disclose the performance of each business unit, including its main profitable semiconductor business.
Both operating profit and consolidated sales decreased quarterly.
In the three months between July and September, the world’s largest smartphone maker saw a 59% annual increase in operating profit to 12.35 trillion won, partly due to rising demand for smartphones and consumer electronics. consumption. But Samsung said it expected profits to decline in the December quarter due to weak demand for memory chips and intense competition in the smartphone space.
The full results for the December quarter are due at the end of this month.
Samsung is expected to launch the latest versions of its flagship Galaxy smartphones on Thursday, earlier than usual.