Samsung Electronics propped to reap massive Q4 profit

Reuters reports that Samsung Electronics Co expects its fourth-quarter operating profit to have made a possible 52% jump on-year.

Q4 may likely be Samsung’s highest for the quarter in four years.

Reuters reports that the possible jump in profit would be helped by strong demand for server memory chips and higher margins in chip contract manufacturing.

Samsung estimated October-December profit at 13.8 trillion won ($11.5 billion).

Refinitiv SmartEstimate had forecasted 15.2 trillion won.

Samsung projects that revenue likely rose 23% from the same period a year earlier to 76 trillion won.

Samsung is due to release detailed earnings on Jan. 27.