Samsung Electronics says fourth quarter profit up 16 percent vs year earlier | Reuters

SEOUL Tech giant Samsung Electronics Co Ltd (005930.KS) said on Thursday its October-December profit rose 16.2 percent from a year earlier, in line with its earlier estimates as earnings from its chips and mobile businesses improved.

Samsung said in a regulatory filing its fourth-quarter operating profit was 6.1 trillion won ($5.05 billion), compared with 6.1 trillion won it guided for earlier in January. Revenue rose 1.1 percent to 53.3 trillion won, compared with 53 trillion won it guided for.

(Reporting by Se Young Lee; Editing by Stephen Coates)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Jan 28, 2016 06:30 AM

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