Thursday, Apr 17, 2014Thursday, Apr 17, 2014
News
 

Samsung tips record Q4 profit of $10b

Published on Jan 8, 2013 8:01 AM
PRINT EMAIL
 
The company logo is displayed at the Samsung news conference at the Consumer Electronics Show in Las Vegas on Jan 7, 2013. South Korea’s Samsung Electronics said on Tuesday it expected to post a record operating profit of 8.8 trillion won (S$10 billion) in the fourth quarter of 2012. -- PHOTO: REUTERS

SEOUL (AFP) - South Korea's Samsung Electronics said on Tuesday it expected to post a record operating profit of 8.8 trillion won (S$10 billion) in the fourth quarter of 2012.

The predicted operating profit for October to December represents an 89 per cent rise from a year earlier, and would beat the record of 8.1 trillion won set in the previous quarter.

Samsung, the world's largest technology firm by revenue, was giving earnings guidance before announcing official results later this month.

Fourth-quarter sales were estimated at 56 trillion won, up 18.4 per cent from a year earlier, according to the company, which did not provide figures for each of its business divisions.

 
If you are not a subscriber, you can get instant, unlimited access here