SEOUL—Samsung Electronics Co. Ltd. said on Friday its fourth-quarter operating profit likely jumped 52 percent on-year to its highest for the quarter in four years, helped by solid demand for server memory chips and higher margins in chip contract manufacturing.
The world’s largest memory chip and smartphone maker estimated October–December profit at 13.8 trillion won ($11.5 billion), which would be tech giant’s highest fourth-quarter operating profit since Q4 2017.
