Seoul: Samsung Electronics Co Ltd on Tuesday said fourth-quarter working benefit jumped 50 percent to its most astounding in more than three years, as record income in its chips business veiled the negative effect of its fizzled Note 7 smartphones
Samsung additionally said it arrangements to purchase back 9.3 trillion won worth of shares this year.
The South Korean gadgets maker is relying on the blasting chip market to keep driving development as it attempts to recuperate from its greatest item review emergency including fire-inclined Note 7 smartphones
Samsung anticipated that income would decrease in the ebb and flow quarter from the former quarter due to "expanded promoting costs in the versatile business and a business reduction of TVs because of frail regular request".
The world`s greatest creator of cell phones and memory chips said October-December working benefit was 9.22 trillion won ($7.93 billion), contrasted and earlier direction of 9.2 trillion won.
Income stayed level at 53.3 trillion won from a similar period a year prior, versus its gauge of 53 trillion won.
The chips division was the quarter`s money cow, with working benefit hopping 77 percent to 4.95 trillion won from a year before.
In its portable business, working benefit rose 12 percent to 2.5 trillion won as models, for example, the Galaxy S filled the void after the cessation of the fire-inclined Note 7 in October.
Samsung said on Monday that deficient batteries brought about Note 7 handsets to overheat and burst into flames, and demonstrated that it might defer the dispatch of its next premium Galaxy S Smartphone.
However, its shares have been strong, hitting a progression of record-highs this month notwithstanding the Note 7 disaster and a continuous examination concerning Samsung officials over their claimed association in a political embarrassment.
Prosecutors have said they will seek after their renumeration body of evidence against Samsung Group scion Jay. Y Lee regardless of the possibility that they are not allowed authorization to capture him.