Samsung Electronics Co. Ltd., together with its subsidiaries, engages in consumer electronics, information technology and mobile communications, and device solutions businesses worldwide. It offers consumer products, such as mobile phones, tablets, televisions, Blu-rays, DVD players, home theaters, air track, Bluetooth speakers, and mini components; cameras and camcorders; home appliances comprising refrigerators, air conditioners, washing machines, microwave ovens, ovens, and dishwashers; PC/peripherals/printers, including tablet PC, notebooks, chrome devices, monitors, optical disc drive, and laser printer/multifunctions; memory and storage products, such as solid state drives and memory c...
Founded in 1938
Samsung Electronics Co. Ltd. Announces Dividend for the Fourth Quarter of 2014
Jan 29 15
Samsung Electronics Co. Ltd. announced a dividend of KRW 19,500 a share for the fourth quarter of 2014, up from KRW 13,800 a year earlier.
Samsung Electronics Reports Earnings Results for the Fourth Quarter and Year Ended December 2014; Provides Capital Expenditure Guidance for the Year 2015
Jan 28 15
Samsung Electronics reported earnings results for the fourth quarter ended December 2014. The company posted a 26.8% fall in fourth quarter net profit as the company continued to battle escalating competition from Apple and Chinese firms. Net profit for October to December amounted to KRW 5.3 trillion. Operating profit dropped 36.4% on-year to KRW 5.3 trillion. Sales fell 11% to KRW 52.7 trillion. The total revenue increased by approximately 11% compared to third quarter of 2014 as overall business performance improved.
For the year 2014, the company executed KRW 23.4 trillion in capital expenditure, which is in line with the plan that set up earlier. Net profit for the whole of 2014 was KRW 23.4 trillion ($21.4 billion), down 23.2% from the previous year. Operating profit fell 32% to KRW 25.0 trillion last year, while total sales fell by 9.9% to KRW 206.2 trillion.
As of now, the company expects the total amount of the 2015 capital expenditure to increase from that of 2014.
Samsung to Soon Launch Tizen Z1 Smartphone in Bangladesh
Jan 28 15
Samsung announced that the company plans to soon launch its Tizen OS-based smartphone dubbed 'Z1' in Bangladesh. Samsung first introduced its Z1 device in India on 14 January.