Samsung Electronics Company Ltd (SSNHZ)

[FuninUSA]

Samsung’s cash reserves in Q1 of 2018: reaching $30.1 billion, 17.2% year-on-year growth

Market research firm Chaebul.com recently released a group of data, showing that Samsung electronics co., hyundai motor co., and other major south Korean listed companies all had their cash reserves grow in the first quarter of 2018, reported in FuninUSA, a website which continuously provides product-reviews and global news.

According to the data, by the end of Q1, the total cash reserves of 47 listed companies, including samsung and hyundai, were 158.9 trillion won (about $148.1 billion), up 7.8 percent from a year earlier.

Reported in FuninUSA, by the end of March, Samsung’s cash reserves stood at 32.3 trillion won (about $30.1 billion), up 17.2 percent from a year earlier.

Among the top 10 listed companies in South Korea, the cash reserves of Shinhan Financial Group Company Limited and Korea Hyundai Heavy Industries Group increased by 11.9% and 9.4% respectively over the same period.