Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > Samsung files quarterly report: declares $8.3 billion profit

Samsung files quarterly report: declares $8.3 billion profit
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Jan 24, 2013, 10:06 PM
 
Samsung Electronics today announced quarterly revenues of 56.06 trillion Korean won ($52.7 billion) on a consolidated basis for the fourth quarter ended December 31, a seven percent increase from the same time period in 2011. Consolidated operating profit for the quarter hit $8.3 billion, and consolidated net profit for the same quarter was $6.6 billion. The results met Samsung's estimates provided earlier this month of $8.3 billion.

Samsung's Mobile Communications division generated revenues of $25.6 billion, driven by Galaxy S III and Note II sales. Persistent weak demand for PC DRAM affected Samsung's bottom line, but was somewhat offset by server and mobile DRAM channel improvements. The IT and Mobile Communications department posted profits of $5.1 billion on $29.4 billion in revenue. The display panel segment continued to struggle, as demand for notebook and monitor panels continued to decrease. However, revenue in panels for TVs and smartphones prevented a large loss from the department. Overall, the display panel business generated a profit of $1 billion on revenue of $7.3 billion. Consumer electronics posted revenue of $13.1 billion for the quarter, an increase of 20 percent from the same time period in 2011. Samsung reports the market experienced stronger-than-expected demand for LED televisions, including premium models aimed at advanced markets. While no specific guidance or projections has been given yet, Samsung expects the next quarter to have moderate growth in emerging markets, with low growth in developed economies. The company expects greater demand for products, but more pressure from the worldwide economic condition on pricing.
( Last edited by NewsPoster; Jan 25, 2013 at 03:39 AM. )
     
   
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Top
Privacy Policy
All times are GMT -4. The time now is 04:45 PM.
All contents of these forums © 1995-2015 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2015, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2