Home Samsung Q4 profit falls short of expectations
 

Keywords :   


Samsung Q4 profit falls short of expectations

2016-01-08 08:56:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics said its fourth-quarter operating profit rose by 15 percent year-on-year, less than market estimates. In a preliminary report, the company said operating profit rose to KRW 6.1 trillion from KRW 5.29 trillion a year earlier, and quarterly revenues were up 0.5 percent year-on-year to KRW 53 trillion. Full results for the quarter will be released at the end of January. Samsung earlier forecast a difficult year ahead for the electronics giant, due to increasing competition in smartphones and semiconductors and the weak global economy. Especially in emerging markets the company sees financial risks, said CEO Kwon Oh-hyun in a New Year message to employees, media reported. 

Tags: short falls samsung profit

Category:Telecommunications

Latest from this category

All news

»
01.11Eastern North Pacific Tropical Weather Outlook
01.11Atlantic Tropical Weather Outlook
01.11CERM launches new MIS products, Mark Andy innovates and more
01.11Removing a major trade barrier: Full access to Colombia restored for U.S. beef
01.11Getting more out of fall and winter grazing
01.11U.S. Boston butt burger launches in Colombia
01.11All Americans have a role in keeping African swine fever out
01.11BASF TotalEnergies Petrochemicals Receives United Way Champions of Hope Award
More »