SEOUL—Samsung Electronics Co. Ltd. on Friday flagged a 28 percent jump in its third-quarter operating profit to the highest in three years, driven by rising memory chip prices and display sales for new flagship smartphone launches.
The preliminary result was up 26 percent from the second quarter, although just below forecasts, while the market reaction was further muted as analysts pencilled in a flat or slightly lower result this quarter on an expected fall in memory chip prices.
