Samsung reports excellent Q4 results...
(COMTEX) A: Samsung Electronics reports quarterly record in Q4 earnings (
Xinhua )
A: Samsung Electronics reports quarterly record in Q4 earnings ( Xinhua )
SEOUL, Jan 29, 2010 (Xinhua via COMTEX) --
Samsung Electronics Co., the world's
largest maker of memory chips and flat screen TVs, reported Friday
a quarterly record of 39.42 trillion won (34 billion U.S. dollars)
in consolidated revenues for the fourth quarter of 2009, up 18.9
percent from the previous year.
The company also reached an operating profit of 3.70 trillion
won (3.19 billion U.S. dollars) for the cited period, reversing
last year's loss of 740 billion won (638.2 million U.S. dollars)
in the same period, although it was a 12.5 percent decrease
quarter-on-quarter, Samsung said.
Backed by strong earnings in the fourth quarter, Samsung's full
year 2009 revenue reached 136.29 trillion won (117.5 billion U.S.
dollars) and an operating profit of 10.92 trillion won (9.4
billion U.S. dollars), both company records, it added.
The quarterly sales growth was largely brought by improved
pricing for memory semiconductors and seasonal increase in
consumer electronics sales, Samsung said, adding that it forecasts
another positive growth across its businesses in 2010.
"Despite the uncertain business environment in 2009, Samsung
was able to achieve record revenues and strong profitability based
on our technological and marketplace leadership," said Robert Yi,
Vice President and Head of Samsung Electronics' Investor Relations
Team.
Despite the upbeat reports, Samsung Electronics shares dropped
2.97 percent to 784,000 won (674.99 U.S. dollars) on the Seoul
bourse Friday.
Copyright 2010 XINHUA NEWS AGENCY
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