Samsung Q4 Profit Up 23.3%; Sees Weak Q1 Profit
Samsung Q4 Profit Up 23.3%; Sees Weak Q1 Profit SEOUL (dpa-AFX) - Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) reported a profit for the fourth-quarter that increased 23.3 percent from last year, led by display and memory chip businesses. Quarterly revenue grew 2.8 percent from the prior year. Looking ahead, the company expects overall profit to weaken in the first quarter of 2021. The Memory Business will likely continue to be affected by the ongoing strength in the won and costs associated with new production lines, despite solid demand from mobile products and data centers. For ...
Source: finanznachrichten.de