Samsung Electronics estimated on Friday that it logged nine-point-two trillion won, or seven-point-75 billion U.S. dollars, in operating profit in the fourth quarter.

The estimate, which is well above market expectations, is a 76-point-nine percent jump from the third quarter. Compared with the fourth quarter of 2015, it rose by 49-point-eight percent.

According to market analyzer FnGuide, analysts had predicted an operating profit of about eight-point-two trillion won for the tech giant.

It is the first time Samsung Electronics recorded a quarterly operating profit of more than nine trillion won since it posted a record high ten-point-16 trillion won in the third quarter of 2013.

The company earned profits of nine-point-53 trillion won in the second quarter of 2013, making the latest figure the third largest quarterly profit in its history.

Solid sales of semiconductors and displays appeared to have offset the firm's loss from a massive recall of its Galaxy Note 7 smartphones. 

The company's fourth quarter sales were estimated at 53 trillion won. For the entire year, the company estimated that it posted 201 trillion won in sales and 29-point-two trillion won in operating profit in 2016.