News Articles

Friday, January 25, 2013

Samsung's fourth-quarter figures show profit up almost 76%

Samsung Electronics has announced financial results for the fourth quarter of its financial year. Revenue was up over 18% year-on-year to 56.06 trillion Korean won (£33 billion), while consolidated net profit was up almost 76% to 7.04 trillion won (£4.14 billion).

This means revenue was 201.10 trillion won for the full year.

The company’s Mobile Communications division generated quarterly revenue of 27.23 trillion won, with this growth mainly driven by sales of Samsung’s Galaxy S IIl and Galaxy Note ll.  Handset sales figures aren’t reported by Samsung, although ABI Research has calculated that the company shipped 60 million smartphones and 46 million other mobile handsets.

Robert Yi, Senior Vice President and Head of Investor Relations at Samsung, said “Despite uncertainties in Europe and concerns over the U.S. fiscal cliff creating a difficult business environment, we did our best this quarter to achieve strong earnings based on a strategic focus on differentiated and high value-added products as well as our technological competitiveness. Heading into this year, we are expecting a slow recovery in the component business due to reduced capital expenditures, while competition in the set business will intensify further as demand slows and the mid- to low-end market expands.”

[Presentation (pdf)]

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

Categories: Handsets and manufacturers, NewsNumber of views: 5194

Tags: samsung smartphone

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

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

Archive Calendar

«November 2024»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
2526272829301
2345678

Archive

Terms Of Use | Privacy Statement