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

Nieuws Mobiel Wereld 6 JAN 2017
Samsung operating profit still up 50% in Q4, revenues stable

Samsung Electronics said it expects to report sales of around KRW 53 trillion and operating profit of KRW 9.2 trillion for the fourth quarter. 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 strongly through the holiday season 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 problems to reduce operating profit by around KRW 3 trillion in the period Q4 2016 to Q1 2017.

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