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.
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