Samsung Posts Record Profit in Q4 and 2012

Samsung (NASDAQOTH: SSNLF  ) , the world's No. 1 maker of cell phones, has announced its fourth-quarter and 2012 results. The company's bottom line in the quarter was slightly over 7 trillion won ($6.5 billion), a 76% improvement over the same period the previous year.

This was a new record for the company, shattering the existing high of 6.6 trillion won ($6.2 billion) set the previous quarter. Sales totaled 56 trillion won ($52 billion), against 47 trillion won ($44 billion) in Q4 2011.

For the fiscal year, the bottom line also notched a record, coming in just under 24 trillion won ($22 billion), or nearly 50% higher than the previous record set in 2010.

Last year, the company overtook Nokia to become the world's top manufacturer of cell phones.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2215880, ~/Articles/ArticleHandler.aspx, 9/20/2014 2:25:19 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement