Samsung Electronics Revenue in the fourth quarter was a record for the last three years
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POSTER: computer news || SAMSUNG ELECTRONICS REVENUE IN THE FOURTH QUARTER WAS A RECORD FOR THE LAST THREE YEARS |
DATE:2017-01-07 |
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Samsung Electronics company has published a forecast of the expected revenue and profit figures for the fourth quarter of 2016. Final figures will be released in late January, but now the company reports a record - on the largest quarterly operating profit in the last three years. According to Samsung estimates , operating profit in the fourth quarter of the year grew by 50% to 9.2 trillion won ($ 7.8 billion). Analysts forecast was much more modest: from the company did not expect the operating profit above 8.2 trillion won, but it was able to surprise. In part, this has helped us a weakened in the fourth quarter of the South Korean currency, which slipped by 8.8%. Due to the main revenue in US dollars, Samsung was able to increase revenues in the national currency. The scandal with the president of South Korea has never helped the largest exporters of the country. Against the background of positive action report Samsung rose in price by 2.1%. The company's revenue for the period from October to December promises to be 53 trillion won. It will be 0.6% lower than a year earlier. However, due to the failure of the Galaxy Note 7 things could be worse. To compensate losses caused by withdrawal of the above models the company was able due to increased deliveries of components for smartphones - Electronics and Display - Apple and other manufacturers of smartphones. | ||
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SAMSUNG ELECTRONICS REVENUE IN THE FOURTH QUARTER WAS A RECORD FOR THE LAST THREE YEARS |
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