Samsung has announced its financial results for quarter four of 2016 and also its full financial results for 2016.
Samsung announced full year 2016 revenue of KRW 20.81 trillion and a full year operating profit of KRW 29.24 trillion.
Fourth quarter earnings were driven by the components businesses, mainly the Memory business and the Display Panel segment, which manufactures OLED and LCD screens. Robust sales of high-end, high-performance memory products and expanded process migration in V-NAND, plus strong shipments of OLED and large-size UHD panels contributed to profitability. The stronger US dollar against the Korean won also had a positive impact on operating profits.
Samsung’s fourth quarter earnings were KRW 53.33 and they had an operating profit of KRW 9.22 trillion for the quarter.
You can find out full details about Samsung’s quarter four and full year financial results for 2016 over at their website at the link below.
Source Samsung
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