• Power to Gordhan

    SONA 2016 has set it all up for Pravin Gordhan, it shows just how powerful he may be, says Daniel Silke.

  • Inside Labour

    The history of Valentine Day cards gives a glimpse of how technology resulted in job cuts, says Terry Bell.

  • Courage to do right

    A number of factors will impede Zuma’s opportunity to have a ‘Lula moment’, says Prof Dirk Kotze.

All data is delayed
Loading...
See More

Samsung posts record profit in Q4

Jan 27 2012 08:00
AFP

Seoul - Samsung Electronics on Friday posted a record operating profit of 5.3 trillion won ($4.72bn) in the fourth quarter and a net profit of four trillion, thanks largely to booming smartphone sales.

The operating profit figure, a 76% increase year-on-year (y/y), was largely in line with the earnings guidance issued early this month by the South Korean firm.

Revenue in October-December was 47.3 trillion won, a 13% rise y/y. Net profit was up 17% on a year earlier.

For the whole of last year the company logged a net profit of 13.7 trillion won, down 15% from the previous year.

Revenue rose 6.7% to a record 165 trillion won and operating profit declined 6.05% to 16.2 trillion won.

The firm attributed its record quarterly operating profit largely to its strong smartphone lineup.

"Despite intensified competition amid the global economic slowdown, our telecommunications businesses continued to post solid earnings with an enhanced lineup of high end smartphones, resulting in higher average selling price," said senior vice-president Robert Yi in a statement.


* Follow Fin24 on FacebookTwitter and Google+.

samsung

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Will Jacob Zuma's State of the Nation speech help SA avoid "junk" downgrade?

Previous results · Suggest a vote

Loading...