Samsung Q4 net rises 17% | india | Hindustan Times
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Samsung Q4 net rises 17%

india Updated: Jan 27, 2012 20:54 IST
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Samsung Electronics on Friday posted a record operating profit of 5.3 trillion won ($4.72 billion) in the fourth quarter and a net profit of four trillion, thanks largely to booming smartphone sales.

The operating profit figure, a 76% increase year-on-year, was largely in line with the earnings guidance issued early this month by the firm.

Revenue in October-December was 47.3 trillion won, a 13% rise year-on-year. Net profit was up 17% on a year earlier.