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Samsung Electronics’ Operating Profit Back to Black in Q4

Submitted by TKorea on 2010/01/29 – 10:52 amNo Comment

Samsung Electronics, the world’s largest maker of computer memory chips, flat screens and televisions said Friday that its fourth-quarter operating income in 2009 swung back into the black from a year earlier, thanks to higher prices of its key products.

Operating profit reached 3.7 trillion won (US$3.19 billion) in the three months to December, compared with an operating loss of 740 billion won in the same quarter of the previous year, Samsung said in a regulatory filing.

The operating income, however, is smaller than the 4.23 trillion won from the previous quarter.

Sales rose 19 percent from a year ago to 39.24 trillion won over the cited period. The figures are consolidated, meaning they include financial results from Samsung’s overseas units.

YonhapNewsAgency

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