Samsung Generates KRW53.68trn Revenues In Q114


News: South Korean firm Samsung posted revenues of KRW53.68trn (USD52bn) in Q114, compared with KRW52.87trn (USD51.22bn) in Q113. The firm's operating profit dropped to KRW8.49trn (USD8.22bn) from KRW8.78trn (USD8.51bn), while net profit increased to KRW7.57trn (USD7.33bn) from KRW7.15trn (USD6.93bn) in Q113. Samsung experienced a downturn at its IT and mobile division, due to seasonality, competition and weaker demand in emerging markets. Operating profit at the division declined to KRW6.43trn (USD6.23bn) from KRW6.51trn (USD6.31bn).

This article is tagged to:
Sector: Telecommunications, Consumer Electronics
Geography: South Korea

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