Samsung likely to post 35per cent surge in third-quarter profit as smartphone sales recover

Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd, analysts said.

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul. Picture taken January 7, 2019. REUTERS/Kim Hong-Ji/File Photo

SEOUL: Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd, analysts said.

Samsung, the world’s biggest memory chip supplier, is scheduled to announce preliminary July-September operating profit and revenue on Thursday.

Profit likely rose 35per cent to 10.5 trillion won (US$9.07 billion) from the same period a year earlier, according to Refinitiv SmartEstimate, derived from analyst estimates weighted toward those more consistently

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Nearly 40 per cent of the Arctic is greener than in 1986, study says

Nearly 40 per cent of the Arctic is greener than in 1986, study says
Nearly 40 per cent of the Arctic is greener than in 1986, study says

Most people think of lush new plant growth as a sign the land is healthy and thriving.

But, greener and greener colours in the Arctic are cause for alarm. there’s one place on Earth where greener lands are cause for alarm: The Arctic, which has been getting greener and greener over the past few decades, with catastrophic implications for the future of climate change.

A study released last month found almost 40 per cent of the Arctic region showed signs of increased summer greening over the course of two decades, compared to less than 5 per cent that showed the opposite: Less plant growth, or “browning.”

The researchers used satellite data from 50,000 random sampling sites all across the Canadian and Eurasian Arctic, ranging from 1986 to 2016, and say it matched up with on-the-ground experiences

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