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Samsung net profit falls 26.7% in Q4

2015-01-29 08:15:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics reported a fall in fourth-quarter net profit to KRW 5.35 trillion from KRW 7.30 trillion a year earlier. Operating profit dropped to KRW 5.29 trillion from KRW 8.31 trillion, and revenues declined to KRW 52.73 trillion from KRW 59.28 trillion a year ago. Despite the weaker results, Samsung raised its final dividend to KRW 19,500 per share from KRW 13,800 a year earlier. The lower results were due to a sharp fall in sales at its mobile phone business, where quarterly revenues were down 23 percent year-on-year to KRW 25.02 trillion. Operating profit at the communications division fell to KRW 1.96 trillion from KRW 5.47 trillion a year ago. Samsung reported a small decline in its smartphone shipments compared to the third quarter, while its average selling price and profitability improved over the same period thanks to a higher share of high-end phones like the Note 4. Tablet shipments were up compared to Q3, and Samsung also increased revenues from network equipment. The company expects a weaker phone and tablet market in Q1 due to lower seasonal demand. Samsung itself will try to improve earnings and grow smartphone shipments, helped by new models in the A series.

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Samsung Electronics Q4 profit falls 27%

2015-01-29 02:31:21| Electronics - Topix.net

Samsung Electronics Co. said Thursday its fourth-quarter net profit fell 27% from a year earlier as profitability from its mobile division slipped amid intense competition.

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Samsung earnings hit by mobile sales

2015-01-29 02:04:01| BBC News | Business | UK Edition

South Korean tech giant Samsung Electronics reported its first annual earnings decline in three years.

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Samsung Earnings to Bolster South Korea's Campaign for Shareholders

2015-01-29 01:31:21| Electronics - Topix.net

Samsung Electronics Co. is likely to report its fifth consecutive quarter of year-to-year earnings declines Thursday-and offer further evidence that the government's hard line on corporate cash hoarding is making South Korea a more hospitable place for shareholders.

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Samsung Earnings to Bolster South Korea's Campaign for Shareholders

2015-01-28 11:03:58| Semiconductors - Topix.net

Samsung Electronics Co. is likely to report its fifth consecutive quarter of year-to-year earnings declines Thursday-and offer further evidence that the government's hard line on corporate cash hoarding is making South Korea a more hospitable place for shareholders.

Tags: south samsung campaign earnings

 

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