The increase in memory chip prices, chip manufacturing contracts and screen sales contributed to Samsung's profit increase in the third quarter of this year by about 28 percent, on an annual basis.

The world's largest maker of memory chips and smartphones said operating profit rose during the period to 15.8 trillion won (equivalent to $13.48 billion), compared to 12.35 trillion. won a year ago.

This is in line with the company's estimate this month of 15.8 trillion won, according to CNBC Arabia.

A year ago, the company announced the death of its president, Lee Kun, at the age of 78, after he succeeded in transforming Samsung from a local company to one of the largest global leaders in the field of technology. Innovation and industry strength.