Samsung's operating profits hit new high in Q4

January 6, 2012 11:26 pm 

SEOUL, Jan. 6 — Samsung Electronics, the world's largest maker of memory chips, televisions and flat screens, estimated Friday that its fourth-quarter operating profits hit new high due to brisk sales of smartphones.

The preliminary estimate for operating profit posted a fresh record high of 5.2 trillion won (4.5 billion U.S. dollars) during the October-December period, up 22.35 percent from the previous quarter, according to Samsung. From a year earlier, the operating profit surged 72.76 percent.

The fourth-quarter operating profit was the largest in the company's history. The previous record was 5.01 trillion won tallied in the second quarter of 2010.

Sales were also estimated at a new high of 47 trillion won for three months ended Dec. 31, up 13.88 percent from three months before. The fourth-quarter revenue grew 12.25 percent from a year before.

Samsung's revenue continued to expand last year, with 36.99 trillion won in the first quarter, 39.44 trillion won in the second quarter and 41.27 trillion won in the third quarter.

Samsung did not unveil its guidance for net profit and performance for each division. The final results would be announced later this month. (One U.S. dollar equals 1155.8 won). (PNA/Xinhua)

DCT/ebp

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