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Wireless

Samsung net profit falls 27% on smartphone slowdown

Thursday 29 January 2015 | 08:15 CET | News
Samsung Electronics reported a fall in fourth-quarter net profit to KRW 5.35 trillion from KRW 7.30 trillion a year earlier. Operating profit dropped to KRW 5.29 trillion from KRW 8.31 trillion, and revenues declined to KRW 52.73 trillion from KRW 59.28 trillion a year ago. Despite the weaker results, Samsung raised its final dividend to KRW 19,500 per share from KRW 13,800 a year earlier. The lower results were due to a sharp fall in sales at its mobile phone business, where quarterly revenues were down 23 percent year-on-year to KRW 25.02 trillion. Operating profit at the communications

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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