Samsung Electronics said its fourth-quarter earnings rose 17 per cent from a year earlier on strong growth in sales for smartphones and flat panels.

Samsung said last Friday in a regulatory filing that its net profit reached €2.66 billion in the October-December period.

The company earned €2.6 trillion won a year earlier.

The Suwon, South Korea-based company is a global electronics giant and supplies key components such as chips to companies like Apple for its smart devices.

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