Samsung Posts Record Profit in Q4 and 2012
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.
The article Samsung Posts Record Profit in Q4 and 2012 originally appeared on Fool.com.
Fool contributor Eric Volkman owns shares of Nokia. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.