Published: Wed, January 31, 2018
Science | By Cecil Little

Samsung Electronics' net profit jumps 73% in Q4

Samsung Electronics' net profit jumps 73% in Q4

A 50:1 stock split means that a share worth 5,000 won ($4.67), for example, is split into fifty 100-won ($0.09) shares, both increasing the number of shares and lowering their price.

Revenue reached the record quarterly high of 65.98 trillion won (61.54 billion USA dollars) in the fourth quarter, up 23.7 percent from a year ago.

As part of a previously agreed shareholder return policy, Samsung also announced a year-end dividend of 21,500 won per common share.

The company said its Board believes the stock split announced today will make investing in the company more accessible and provide dividends to a wider range of investors from 2018.

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Gartner said a supply shortage resulted in a 64 percent jump in revenue growth in the memory market and benefited companies like Samsung, and others.

But Samsung shares have recovered about 3 per cent over two weeks, helped partly by a rosy market outlook from SK Hynix, world's No.2 memory chip maker.

"Samsung's lead is literally built on sand, in the form of memory silicon", Andrew Norwood, research vice president at Gartner, said in a.

The tech giant's dominance in the memory chip sector, coupled with the high demand because of the rise of big data and the Internet of Things (IoT), has boosted the prices of this type of products. "We then expect Samsung to lose a lot of the revenue gains it has made".

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Samsung Electronics attributed the strong earnings to robust chip demand and increased sales of flexible organic light-emitting diode panels.

For the IT & Mobile Communications Division (IM), earnings in the mobile business declined due to a hike in marketing costs. "Looking at the mid-to-long term, Samsung expects the components business to see demand expand from new applications", Samsung said in a statement on Wednesday.

Net income Attributable to the Shareholders of the Parent Company for the fourth-quarter rose 73.72 percent to 12.02 trillion won from 6.92 trillion won in the same quarter a year ago.

"Orders for high-performance memory products for servers and mobile storage were strong", it said, and the display panel business, which manufactures OLED and LCD screens, saw increased shipments of OLED panels for premium smartphones.

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Samsung also reiterated what it said in its earnings guidance released earlier this month, saying that its operating profits were impacted by a stronger Korean won versus the USA dollar and other major currencies, plus a one-off incentive payment made to employees of its semiconductor business. Intel's chips may be in 90 percent of the world's computers, but it missed the mobile boom and is playing catch-up. The firm added that a one-off incentive paid to employees in the semiconductor business also had an impact on earnings.

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