Samsung Techwin Q3 Profit Jumps 88.7 PCT On Digital Camera Sales

SEOUL, Oct 22 Asia Pulse - Samsung Techwin Co. (KSE:012450), a South Korean manufacturer of digital camera and optical equipment, said Friday that quarterly net profit leaped 88.7 per cent thanks to rising sales of digital cameras and camera modules for mobile phones.

For the three months to September, net income rose to 13.4 billion won (US$11.7 million) from 7.1 billion won a year ago, the company said in a regulatory filing. Turnover was 506.4 billion won, up 1.6 per cent from a year earlier.

But third-quarter operating profit, or sales minus the cost of goods sold and administrative expenses, fell 29 per cent to 20.8 billion won, Samsung Techwin said.

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