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Samsung Q4 Operating Profits Down 18 Percent

Samsung Electronics Co., Ltd. today announced revenues of 59.28 trillion Korean won on a consolidated basis for the fourth quarter ended December 31, 2013, which is an increase of 0.3 percent quarter-on-quarter. For the quarter, the company posted consolidated operating profits of 8.31 trillion won, representing an 18-percent decline Q-o-Q. Consolidated net profit for the quarter was 7.30 trillion won.

In its earnings guidance disclosed on January 7, Samsung estimated fourth quarter consolidated revenues would reach approximately 59 trillion won with consolidated operating profit of approximately 8.3 trillion won.

Source: Light Reading. Read full article. (link)

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