Samsung Electronics Announces Huge Fourth Quarter Operating Profits

Leigh Mccormick
February 1, 2018

Therefore, this will never have an impact on the company's fundamentals.

The benchmark Korea Composite Stock Price Index (KOSPI) slipped 1.28 points, or 0.05 percent, to close at 2,566.46.

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In further good news for shareholders, Samsung has eased concerns that the huge expansion in the global semiconductor business may be tapering off.

Overall, the company reported full-year revenue of KRW 239.58 trillion and full-year operating profit of KRW 53.65 trillion.

Samsung's report also revealed its predictions for the first quarter, citing it "expects the mobile business to improve its earnings, led by an increase in sales of flagship products with the launch of Galaxy S9".

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The net profit for the October to December period rose to 12.26 trillion.

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The revenue was up 24 percent from a year earlier, while the operating profit jumped 64.3 percent.

Samsung's display business, which supplies Apple with OLED screens, reported a 1.4 trillion won profit in the fourth quarter, up 5 percent from the same period past year. Sales were up 23.7 percent to 65.98 trillion won. On the smartphone front, where its name is best known among consumers, the company said it plans to adopt "cutting-edge technologies" like foldable displays.

Samsung spent a record 43.4 trillion won in capital expenditure a year ago to boost production of memory chips and organic light-emitting diode (OLED) screens.

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