Samsung Q4 Net Profit Up 3.7%

Samsung Electronics Co

reported a 3.7% rise in its fourth-quarter net profit. Samsung's quarterly net profit climbed to 7.3 trillion won, versus 7.04 trillion won, in the year-ago period. The company reported a profit of 8.24 trillion won in the third quarter. Its sales surged 5.7% y/y to 59.3 trillion won, while operating profit declined 6% to 8.31 trillion won. Samsung shares closed at $1,275.00 yesterday.