삼성전자 4분기 반도체 영업이익 4조9천500억…역대 최대
Samsung Electronics reports a steep rise in both operating profit and net earnings for the final quarter of last year.
The strong results come as the firm battled with the aftermath of its Galaxy Note 7 disaster.
That's thanks to strong performance in its semiconductor division which help offset losses from the Galaxy Note 7 disaster.
Kim Min-ji has our top story.
Kim Min-ji has our top story. It was a pleasing report card for Samsung Electronics in the fourth quarter.
Operating profit came to nine-point-two trillion won,... or roughly seven-point-nine billion U.S. dollars in the October to December period.
That's up more than 50 percent on-year,... and over 77 percent from the previous quarter.
Sales came to 45-point-eight billion dollars,... almost unchanged from last year.
The operating profit figure beats a market consensus by almost a billion dollars,... and marks the first time since the third quarter of 2013 that the tech giant's operating profit has topped the nine trillion won mark.
The strong earnings were mainly driven by Samsung's chip sector.
The semiconductor arm posted a record quarterly operating profit of four-point-three billion dollars,...thanks to an uptick in memory chip prices,... and demand for chips in mobile phones.
This allowed the company to cancel out losses from its failed Note 7 smartphone,... which cost the company over five billion dollars.
On Monday, Samsung said design flaws and manufacturing errors in the batteries caused some Note 7 phablets to burst into flames.
Operating profit from the mobile division -- traditionally the company's cash cow -- came to two-point-two billion dollars in the fourth quarter.
"Now that the company is looking to focus on improving safety, the launch of its next release, the Galaxy S8, has been delayed. So due to the absence of a new smartphone, profits are expected to stay similar to last year."
Samsung also pointed to favorable foreign exchange conditions,... and said a number of acquistions will enable future growth.
The tech giant also announced plans for a share buyback of some 8 billion dollars this year -- a figure larger than expected -- which analysts believe will give shares a bigger boost.
But for the first quarter of this year,... the company's profits are expected to dip slightly on a quarterly basis.
"Despite strong growth expected in its memory chip sector,... home appliances' sales will likely dip on seasonal factors,... while marketing costs from its mobile division are projected to drag down profits. Kim Min-ji, Arirang News."
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