SEOUL -- Samsung Electronics reported a double-digit increase in operating profit during the third quarter from a year ago, boosted by demand for semiconductors, foldable smartphones and the effects of a weak local currency against the U.S. dollar.
The South Korean tech giant said Friday in releasing earnings guidance for the three months ended Sept. 30 that its operating profit jumped 27.9% to 15.8 trillion won ($13.3 billion) from the same period last year.
