Market Overview

Samsung Q4 Net Profit Up 3.7%

Share:
Related SSNLF
If Apple Adopts OLED It Could Benefit These Stocks, Says HSBC
10 New Findings About The Korean OLED Supply Chain
World smartphone volumes drop for first time on annual basis (Seeking Alpha)

Samsung Electronics Co (OTC: SSNLF) 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.

Posted-In: profitEarnings News

 

Related Articles (SSNLF)

View Comments and Join the Discussion!