Operating profit nearly tripled on-year to 14.5 trillion won -- also a quarterly record -- thanks to strong sales of its memory chips and a recovery in smartphone sales from the huge recall of its Galaxy Note 7 device a year ago. At the time the firm suffered a crippling blow to its mobile business due to the scandal over exploding batteries. Third-quarter sales also surged to a quarterly record of 62.05 trillion won. The firm's profits and share price have rocketed this year and it said separately it would double its dividends in 2018, although it would keep them fixed for the following two years. It also confirmed a further share buyback for the fourth quarter.

Source: The Nation Bangkok October 31, 2017 00:33 UTC