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Tuesday 24 January 2017

Korea - Samsung Electronics post strong earnings in Q4: ARIRANG NEWS

Published on 23 Jan 2017
삼성전자 작년 4분기 영업이익 9조2천억원

The world's number-one smartphone maker Samsung Electronics posted better than expected earnings in the fourth quarter of last year.

The company's operating profit came to 9-point-2 trillion won, or roughly 7-point-9 billion U.S. dollars,... up more than 50 percent on-year,.... and up more than 77 percent from the quarter before. 

It's the first time since the third quarter of 2013 that the Korean tech giant's operating profit has topped the 9-trillion won mark.

Sales came nearly 45-point-8 billion dollars,... almost unchanged from last year.

Chip sales lifted Samsung's earnings,... canceling out the losses from the company's failed Note 7 smartphone. 

The semiconductor division posted a record quarterly operating profit of 4-point-3 billion dollars,...thanks to an uptick in memory chip prices,... and demand for chips in mobile phones.

Operating profit from the mobile division -- traditionally Samsung's cash cow -- came to 2-point-2 billion,... likely reflecting the hit taken by the Note 7 fiasco.

Overall, the company's annual sales came to 73 billion dollars,... and its operating profit was 25 billion dollars.

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