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Saturday 21.10.2017 | Name days: Severīns, Urzula

Samsung income up by 13%

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

In last quarter of 2011, Samsung Electronics consolidated income reached 47.3 trillion South Korean vons (22.27 billion lats) reporting growth by 13%, compared to indicators of 2010.

The company’s consolidated profit reported growth by 79%, reaching 5.3 trillion vons (2.49 billion lats). Consolidated net profit in last quarter of the last year reached 4 trillion vons (1.88 billion lats), informs the company.

SIA Samsung Electronics Baltics, in turn, worked with 1.99 million lats profits and net turnover of 142.9 million lats in 2011.

Trade results of the fourth quarter allowed Samsung company’s total income of 2011 reach a new and the highest record – 165 trillion vons (77.67 billion lats), which is a 7% growth, compared to previous years. Net profit in the last year was 13.73 trillion vons (6.46 billion lats),which is by 15% less than in 2010. Also operating profit fell by 6% – until16.25 trillion vons (7.65 billion lats).

In this quarter, the most profitable was Telecommunications Business Department reached record high quarter trade indicators at amount of 17.82 trillion vons (8.39 billion lats) exceeding 2010 last quarter results by 52%. This high growth was furthered by sales results of smart phones Samsung Galaxy S II and Galaxy Note.

Although in general market growth can be expected in 2012, in the first quarter decrease in sales amounts can be observed. In spite of fall of economic development and demand in digital appliances, Samsung still has succeeded to report growth in USA and Europe developed countries. It is predicted that in the future growth in global markets will be minimal and also in developed countries demand will experience decrease.

Ref: 102.110.110.247


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