Samsung likely to report best Q4 profit on solid chip demand By Reuters

Samsung likely to report best Q4 profit on solid chip demand By Reuters
Samsung likely to report best Q4 profit on solid chip demand © Reuters. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-Ji/File Photo GLOBAL BUSINESS WEEK AHEAD

By Joyce Lee

SEOUL (Reuters) – Samsung Electronics (OTC:) Co Ltd is likely to post a record fourth-quarter profit thanks to solid demand for server memory chips and higher margins in contract manufacturing, analysts’ estimates showed. Operating profit for the world’s biggest memory chip and smartphone maker likely hit 15.2 trillion won ($12.7 billion) in the quarter ended December, according to a Refinitiv SmartEstimate from 14 analysts, weighted toward those who are more consistently accurate. That would be up 68% from 9.05 trillion won a year earlier and narrowly beat the previous Q4 record profit of 15.15 trillion won reported in 2017.

Samsung…

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