Samsung Sees 64% Rise In Q4 Operating Profit

Samsung Sees 64% Rise In Q4 Operating Profit

The company projects operating profit of about 15.10 trillion Korean won in the fourth-quarter, compared to 9.22 trillion won reported past year. (LG) on January 8 announced its preliminary earnings results for the fourth quarter of 2017. Total annual sales of nearly KRW 61.4 trillion is expected to be 10.9 percent higher year-over-year and operating profit of KRW 2.4 trillion will see an increase of 84.5 percent over 2016, according to LG.

Sales were anticipated to have surged 23.8 percent to reach 66 trillion won over the cited period, it said.

Samsung said it expects its operating profits for the 2017 full year to hit 53.6 trillion won and to post full-year sales of 239.6 trillion won.

The outlook for smartphones and other mobile devices, which analysts expect to contribute about 17 percent to Samsung's fourth-quarter earnings, is also uncertain due to competition from Chinese rivals in markets like Europe and Asia, analysts said.

More news: VIP chopper deal: Italy court acquits Finmeccanica executives
More news: EPL: Harry Kane gives Tottenham condition to snub Real Madrid
More news: Minute-by-minute updates from FA Cup clash

"The revenue exceeded expectations; this means sales were good even considering won-dollar exchange rates".

LG did not offer a net profit estimate for the fourth quarter, nor breakdowns for each segment.

He said for 2018, LG Electronics is expected to maintain relatively sound returns on the back of the home appliances and TV businesses, although prospects for the handset division remain cloudy.

Samsung Electronics shares closed at 2.554 million won on Thursday, a 11 percent drop from its all-time high of 2.876 million won in early November.

Related Articles

  • Terror safe havens still operational inside Pakistan, alleges Central Intelligence Agency  chief

    Terror safe havens still operational inside Pakistan, alleges Central Intelligence Agency chief

    If they fix this problem, we are happy to continue to engage with them and be their partner. So this- this conditioned aid, we've given them a chance.
    Matt Patricia answers questions about Lions GM Bob Quinn, head coach interviews

    Matt Patricia answers questions about Lions GM Bob Quinn, head coach interviews

    This will also be the first head coaching hire for Bob Quinn and he can't afford to swing and miss, the hire has to be a home run. Having Wild Card weekend off, as usual, has opened up head coaching interview possibilities for New England Patriots' coaches.
    Nintendo Switch Passes Wii U Lifetime Sales in Japan

    Nintendo Switch Passes Wii U Lifetime Sales in Japan

    To put this into perspective for you, the Wii U sold 3.3 million units over the course of five years (December 2012-17) in Japan. It's likely a watershed moment for Nintendo, which was roundly criticised for much of its approach with the Wii U.
  • Crimson Tide will prove why they belong in championship

    Crimson Tide will prove why they belong in championship

    This may not be something Georgia can take full advantage of, though, as the Bulldogs' defense is 71st in adjusted sack rate. Georgia is searching for its first national championship since 1980, second overall, in its first trip to the playoff.
    'American Crime Story' On Gianni Versace's Death Is Fiction, Family Says

    'American Crime Story' On Gianni Versace's Death Is Fiction, Family Says

    The Versace family said they have not authorized or participated in the production of what should be considered a fiction. The Versace company "did not authorise and was not involved in the television series", it said in a statement on Monday.
    500 rail services cancelled during strike action

    500 rail services cancelled during strike action

    The union is striking in protest at moves or possible plans to cut guards from trains, which they say would be unsafe. The Department for Transport said the row was not about safety, adding that "no one is losing their job".
  • All-Electric Kia Niro Concept Teased

    All-Electric Kia Niro Concept Teased

    If the system spots a pedestrian or cyclist, it can fire off an alarm sound targeted specifically at that person. That's been running in South Korea since last year, but later this year will be expanded to new regions too.
    Facebook M Virtual Assistant Being Shut Down

    Facebook M Virtual Assistant Being Shut Down

    In addition to this, Facebook also wanted users to make use of the assistant without the need to jump from one service to another. Facebook's virtual assistant was pretty unique compared to the rest of the digital assistants on the market.
    One Google Home device sold every second since October

    One Google Home device sold every second since October

    People can now broadcast their voice from Google Assistant on smartphones or voice-activated speakers like Google Home . Back in November, we learned that for the first time in several years, Google would have an official presence at CES.
  • Amazon Will Soon Add Alexa to Wearable Devices

    Amazon Will Soon Add Alexa to Wearable Devices

    As Amazon points out, OEMs no longer have to handle most of the coding themselves in order to integrate Alexa into their devices. In turn, this should help Alexa reach a lot more products this year, and even more in the years to come.
    Brighton & Hove Albion 2-1 Crystal Palace

    Brighton & Hove Albion 2-1 Crystal Palace

    The unsafe Solly March ran down the right and cut back to Sam Baldock , who from inside the area curled against the post. The 21-year-old was forced off the pitch after just 13 minutes with what appeared to be a knee problem.
    The Golden Globes Won't Be Fixing Its Female Director Problem This Year

    The Golden Globes Won't Be Fixing Its Female Director Problem This Year

    Stars including Meryl Streep and Debra Messing walked the red carpet in black, an understated funeral for an industry overrun by sexual harassment and abuse.