Samsung's Profit Rises 16 Percent in 3Q Sunday October 15, 11:00 pm ET By Kelly Olsen, AP Business Writer Samsung's Profit Rises 16 Percent in 3rd Quarter, Lifted by Strong Sales of Memory Chips SEOUL, South Korea (AP) -- Samsung Electronics Co. said Monday that its net profit rose 16 percent in the third quarter on strong sales of its mainstay memory chips. Samsung earned 2.19 trillion won (US$2.3 billion; euro1.8 billion) in the three months ended Sept. 30, the company said in a statement. Samsung posted net profit of 1.88 trillion won a year earlier. http://biz.yahoo.com/ap/061015/earns_skorea_samsung.html?.v=4