Samsung third quarter financial results announced

Samsung Electronics Co., Ltd. today announced its financial results for the third quarter of 2006 (ended September 30, 2006). The Telecommunication Network Business posted revenue of 4.71 trillion won (USD4.9 billion), and operating income of 520 billion won (USD544 million). In the third quarter, robust sales of the ''Ultra Edition'' premium handsets in Europe helped boost sales to a record 30.7 million units and double-digit profit margins of 11.1%.

In the fourth-quarter, the pace of the demand increase is expected to accelerate as the overall 3G market grows and demand for replacement rises. The company expects both the volume of sales and average sales price (ASP) to see significant improvement with the launching of 3G ''Ultra Edition'' handsets in various form factors and multimedia handsets.
10/17/2006 8:08:15 PM
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