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Samsung Reports Record Q3 Sales
Oct 15, 2007
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Samsung Electronics reported record revenue of US$18.2 billion for the third quarter of 2007, ended Sept. 30. Operating profit and net income for the quarter were $2.25 billion and $2.38 billion, respectively. Operating profit on a consolidated basis reached $2.98 billion, a 93% increase over the previous quarter.

Record quarterly sales in the telecommunication handset business, coupled with a strong performance by the semiconductor business, fueled the company's overall performance. The telecommunication network business posted an operating profit of $642.5 million on quarterly revenue of $5.53 billion.

Sales of premium phones, including the "Ultra Edition," helped boost sales to a single-quarter record of 42.6 million units. The LCD business posted revenues of $4.6 billion, with operating profit of $729.6 million. Operating margins for the unit was 17%, an increase of 8%. Sales of 40-inch or larger sized panels was 230 million units.

The digital appliance division posted revenue of $1.01 billion and an operating loss of $65.3 million. 

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