Samsung Elec unveils stock split, record profit as chips sizzle

as informed in SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) told it expects request for memory chips to remember powerful in 2018, as it reported record annual profit driven with a so-called memory chip "super-cycle" and reported a 50:1 stock split. "Looking at the mid-to-long term, Samsung expects the components business to see request expand from new applications," Samsung told in a statement on Wednesday. Samsung reported a record profit of 35.2 trillion beat in 2017, after further than doubling its profit on-year in the 4th quarter alone. The company's mobile division, that competes with Apple Inc (AAPL.O), reported a profit of 2.4 trillion beat in the 4th quarter, a decline from 2.5 trillion beat a year prior. Samsung's display business reported a 1.4 trillion beat profit in the 4th quarter, up from 1.3 trillion beat in the same period final year.

Samsung Elec unveils stock split, record profit as chips sizzle

SEOUL (Reuters) -- Samsung Electronics Co Ltd told it expects request for memory chips to remember powerful in 2018, as it reported record annual profit driven with a so-called memory chip "super-cycle" and reported a 50:1 stock split. Led with a stellar 4th quarter, the firm brought house an annual profit of 53.7 trillion beat in 2017, outstripping a record of 36.8 trillion beat reached in 2013. Samsung reported a record profit of 35.2 trillion beat in 2017, after further than doubling its profit on-year in the 4th quarter alone. The company's mobile division, that competes with Apple Inc , reported a profit of 2.4 trillion beat in the 4th quarter, a decline from 2.5 trillion beat a year prior. Samsung's display business reported a 1.4 trillion beat profit in the 4th quarter, up from 1.3 trillion beat in the same period final year.

Samsung reports record earnings on high memory chip demand, unveils stock split

as declared in Net revenue rose to a record twelve trillion beat (US$11.2 billion) in the 3 months ended December, Samsung told in a filing. That compares with the 12.1 trillion beat rate of estimates compiled with Bloomberg. Operating profit for the quarter was 15.15 trillion beat on discounds of 66 trillion won, Samsung said, approving preliminary numbers launched earlier this month. Operating profit from the chip division further than doubled from a year earlier to 10.9 trillion won. Operating profit from display products rose to 1.41 trillion beat and user electronics announced 510 bn beat in profit.

collected by :Molly Tony