SEOUL -- Samsung Electronics estimated on Friday that its operating profit soared more than 50% in the fourth quarter of 2021, as the company enjoys robust demand for its chips and smartphones and seeks expansion through mergers and acquisitions
In issuing earnings guidance for the October-December period, the South Korean tech giant said that operating profit likely reached 13.8 trillion won ($11.5 billion), up 52.5% from the same period the year before. It said the company's revenue is expected to have risen 23.5% to 76 trillion won during the same period.
