Samsung Q4 net rises 17%

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.

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.

HT Image

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.