Samsung Electronics fourth-quarter profit up 64 percent on-year to new record

SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) posted a record quarterly profit, as expected, for the three months through December, led by strong demand for memory chips.

Operating profit for the world’s biggest chipmaker was 15.15 trillion won ($14.12 billion) in the fourth quarter, up 64.3 percent from a year ago and in line with the 15.1 trillion won the company had estimated.

Revenue jumped 23.7 percent to 66 trillion won, also in line with its earlier estimate.