Samsung profit to recover after quarterly drop
Samsung profit to recover after quarterly drop
Booming demand for smartphones and tablets will help Samsung Electronics Co post better results this year after the world’s No.2 mobile phone maker reported its weakest profit in six quarters.
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Samsung’s 4th-quarter net profit rises 13%
SEOUL – SAMSUNG Electronics, the world’s largest manufacturer of computer memory chips and flat screen televisions, said net profit rose 13 per cent in the fourth quarter amid higher sales of semiconductors and smartphones as the technology giant rounded out a record year for earnings and revenue. Samsung warned, however, of a cloudy outlook for 2011 as weak prices for components and consumer …
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Samsung Fourth-Quarter Net Profit Rises 12.6% On Smartphones
SEOUL -(Dow Jones)- Samsung Electronics Co. (005930.SE) on Friday reported that its fourth-quarter net profit rose 12.6% from a year earlier to KRW3.42 trillion (.06 billion) thanks to robust smartphone shipments, but it was the most difficult three months of a record-setting year for the company.
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