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Samsung 4Q profit rises 17 pct on phones, panels
Samsung Electronics says 4Q profit rose 17 percent on strong sales in smartphones and panels
By The Associated Press

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.

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