Economic news

Samsung reports another record-breaking quarter

Samsung Electronics Co Ltd reported net income soared 150 percent to 11 trillion won ($9.8 billion) in the three months to September.

Sales increased 30 percent to 62 trillion won ($55.1 billion) while operating profit surged to 14.5 trillion won ($12.9 billion).

South Korean technology giant named a new younger leadership team on Tuesday.


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