Samsung operating profit rose after seven quarters of decline

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POSTER: computer news   ||   SAMSUNG OPERATING PROFIT ROSE AFTER SEVEN QUARTERS OF DECLINE	DATE:2015-10-31
We have already talked  that this week, the South Korean company Samsung has released a financial report for the third quarter of 2015 and announced its intention to spend on buy-back of its shares $ 9.9 billion. According to SamMobile, Samsung's consolidated revenue for the third quarter amounted to 51.68 trillion won ($ 45.6 billion), while operating profit - 7.49 trillion won ($ 6.42 billion).  For comparison, in the third quarter of 2014 Samsung earned an operating profit of 4.22 trillion won ($ 3.7 billion), and its consolidated revenue amounted to 47.45 trillion won ($ 41.7 billion).  Total revenues grew by 6% compared with the previous quarter, the growth is noted in a special display and semiconductor business   .  Mobile business brought Samsung's last quarter operating profit of 2.4 trillion won ($ 2.1 billion) against 1.75 trillion won ($ 1.54 billion) in the third quarter of 2014 and 2.76 trillion won ($ 2.4 billion) in the second quarter of 2015. Samsung said that the profitability of the mobile business declined due to discounts and fall in average selling prices due to increased sales of mobile devices elementary and middle price range.  At the same time, Samsung said that the market positively welcomed issued this quarter smartphones with large screens and the company expects fourth quarter smartphone sales show growth due to the holiday season. Samsung also guide warned investors about a possible decline in profits in the fourth quarter primarily due to currency fluctuations. Related Products :

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