Seoul: Samsung SDS Co. on Wednesday reported its third-quarter net income of 185.8 billion won (US$134 million), reflecting a 5.2 percent increase from the same period a year earlier. The technology services provider shared these financial results through a regulatory filing, highlighting its steady growth amid challenging market conditions.
According to Yonhap News Agency, the company achieved an operating profit of 252.8 billion won for the quarter, up from 193 billion won a year ago. Additionally, sales saw an 11.3 percent increase, reaching 3.56 trillion won. Despite these gains, the earnings fell short of market expectations, as analysts had anticipated a net profit of 188.2 billion won, based on a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency.