News Articles

Friday, July 27, 2012

Samsung reports ’stable profits’ in quarterly results

Samsung Electronics has announced its quarterly results, publishing a revenue figure that’s up 21% year-on-year to 47.60 trillion Korean won (£26.6 billion). Net profit was up to KRW 5.19 trillion.

The company’s Mobile Communications business reported a 75% increase in earnings, with revenue reaching KRW 20.52 trillion. Handset shipments were said to be up quarter-on-quarter and year-on-year, although specific figures weren’t published.

Robert Yi, Samsung’s Senior Vice President and Head of Investor Relations, said “Despite a difficult business environment, we achieved stable profits in the second quarter through our differentiated products and competitive technology. As we move into the second half, continued fiscal instability in Europe and its effect on the global economy will result in the possibility of a slower-than-expected recovery and intensified market competition.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, NewsNumber of views: 706

Tags: samsung

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below.
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«September 2016»
MonTueWedThuFriSatSun
2930311234
567891011
12131415161718
19202122232425
262728293012
3456789

Archive

Terms Of Use | Privacy Statement