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MENAFN - Qatar News Agency - 06/10/2012

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(MENAFN - Qatar News Agency) Samsung recorded profits of 7.3 billion the third quarter of 2012, the company said Friday.

The sum represented a quarterly record for the Korean company and is almost a 100% increase compared to the third quarter of 2011. The company also said that it expected profits of 25 billion in 2012.

Samsung expects its profits to be curbed in the fourth quarter of 2012 however; the company is due to pay 1 billion to Apple if its appeal against a US court verdict is not accepted. A US court ruled that Samsung had infringed patent rights belonging to Apple and should pay the company 1 billion.

 






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