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Friday, April 27, 2012

Profits increase at Samsung

Samsung’s results for Q1 2012 have revealed the company’s highest quarterly profit for several years. Net profit was 5.05 trillion won (£2.74 billion), up 81% year-on-year, while overall  revenue increased by 22% to 45.27 trillion won.

The company’s IT and mobile communications division reported an 86% increase in profits for its mobile business. The company doesn’t disclose the number of devices produced, although it admitted that figures were slightly less than its strong Q4 results.

Robert Yi, Senior Vice President and Head of Investor Relations at Samsung, said “Despite difficult business environments including seasonal low demand for major products such as PCs and TVs amid a global economic slowdown, we achieved record quarterly results based on our differentiated products and technology leadership. We cautiously expect our earnings momentum to continue going forward, as competitiveness in our major businesses is enhanced.”

[Figures (pdf)]

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Author: The Fonecast
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Categories: Handsets and manufacturers, NewsNumber of views: 1452

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