By Kwanwoo Jun
Samsung SDI Co.'s third-quarter net profit rose 11% from a year earlier thanks to brisk sales of electric-vehicle batteries in Europe.
Net profit was 240.69 billion Korean won ($212.5 million), compared with net profit of KRW217.37 billion in the same quarter a year earlier, the South Korean battery maker said Tuesday. That beat a FactSet consensus forecast for net profit of KRW216.44 billion.
Revenue rose 20% to KRW3.087 trillion, while operating profit jumped 61% to KRW267.35 billion.
Write to Kwanwoo Jun at firstname.lastname@example.org
(END) Dow Jones Newswires