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Samsung Electronics says 4Q profit rose 17 percent on strong sales in smartphones and panels
SEOUL, South Korea (AP) ' Samsung Electronics Co. says its fourth-quarter earnings rose 17 percent from a year earlier on strong growth in sales for smartphones and flat panels.
Samsung said Friday in a regulatory filing that its net profit reached 4 trillion won ($3.5 billion) in the October-December period last year. The company earned 3.4 trillion won a year earlier.
The Suwon, South Korea-based company is a global electronics giant and supplies key components such as chips to companies like Apple for its smart devices.