Samsung Electro-Mechanics' Q3 net more than quadruples

SEOUL, Oct. 22 (Yonhap) -- Samsung Electro-Mechanics Co., a South Korean
electronics parts maker, said Thursday its third-quarter earnings more than
quadrupled from a year earlier on rising demand and cost-cutting efforts
Net profit reached 123 billion won (US$ 104 million) in the July-September
period, compared with a profit of 26.4 billion won a year earlier, the company
said in a regulatory filing.

Sales also jumped 30 percent to 1.55 trillion won over the cited period, and
operating income more than tripled to 207 billion won, it said.
Shares of Samsung Electro-Mechanics were trading at 96,200 won on the Seoul
bourse as of 11:15 a.m., up 0.84 percent.
sam@yna.co.kr
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