By Will Sturgeon, 21 October 2002 14:30
NEWS Samsung has announced an increase in profits of almost 400 per cent for the past quarter. The Korean electronics giant owes much of its strong performance to continued success in the high-end chip market despite the overall sector downturn. Its mobile phone handset business also did well, again defying the pitfalls of a sector in recession. Net profits across the group for the quarter were $1.4bn - up from $340m for the comparable quarter last year. Total sales across the group were $7.9bn - up from $5.8bn for the corresponding quarter last year.
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