• Change of culture needed

    The right leadership will help SA shed its culture of violence, says Mandi Smallhorne.

  • 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

Loading...
See More

Samsung posts record profit in Q4

Jan 27 2012 08:00 AFP

Related Articles

Samsung, Olympus mull alliance - source

Samsung, LG fined $38.5m for price-fixing

Samsung confident of outselling Nokia

Samsung to invest record $41bn in 2012

Samsung extends patent row with Apple

Samsung tips record Q4 profit

 

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

NEXT ON FIN24X

 
 
 

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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

10 of the most expensive things that will leave your jaw hanging!
Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...