Samsung Posts Record Profit in Q4 and 2012
Jan 25th 2013 12:12PM
Updated Jan 25th 2013 1:10PM
Samsung , the world's No. 1 maker of cell phones, has announced its fourth-quarter and 2012 results. The company's bottom line in the quarter was slightly over 7 trillion won ($6.5 billion), a 76% improvement over the same period the previous year.
This was a new record for the company, shattering the existing high of 6.6 trillion won ($6.2 billion) set the previous quarter. Sales totaled 56 trillion won ($52 billion), against 47 trillion won ($44 billion) in Q4 2011.
For the fiscal year, the bottom line also notched a record, coming in just under 24 trillion won ($22 billion), or nearly 50% higher than the previous record set in 2010.
Last year, the company overtook Nokia to become the world's top manufacturer of cell phones.
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