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Wireless

Samsung operating profit still up 50% in Q4, revenues stable

Friday 6 January 2017 | 09:17 CET | News
Samsung Electronics said it expects to report sales of KRW 53 trillion and operating profit of KRW 9.2 trillion for the fourth quarter. today announced its earnings guidance for the fourth quarter of 2016. That compares to respectively KRW 47.82 trillion and KRW 5.20 trillion in the third quarter of 2016 and KRW 53.32 trillion and KRW 6.14 trillion in the last quarter of 2015. The figures are better than expected, with Samsung still able to grow profits despite the extra costs and potential damage to its image after the Samsung Galaxy Note 7 recall. Samsung earlier said it expected the Note 7

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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