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Samsung Electronics Announces First Quarter 2012 Earnings Results

Samsung Electronics Announces First Quarter 2012 Earnings Results

Samsung Electronics Co., Ltd. has announced revenues of 39.98 Billion US Dollars (45.27 trillion Korean won) on a consolidated basis for the first quarter ended March 31, 2012, a 22-percent increase year-on-year. For the quarter, the company’s consolidated operating profit reached an all-time high of 5.16 Billion US Dollars (5.85 trillion won) representing a 98-percent increase year-on-year.

Capital expenditure in the first quarter was 6.89 Billion Dollars (7.8 trillion won). Earlier this year, Samsung announced plans to invest a total of 22.09 Billion Dollars (25 trillion won) in CapEx during 2012. Samsung’s strong performance was driven mainly by the brisk sales of flagship GALAXY Note and GALAXY S II devices. The Display Panel, Tablets, 3D LED TVs and OLED panels business in the first quarter showed operating gains of 280 billion won.

Samsung Pakistan’s Managing Director, Mr. John Park said; “Despite difficult business environment, we achieved record quarterly results based on our differentiated products and technology leadership. We cautiously expect our earnings momentum to continue going forward, as competitiveness in our major businesses is enhanced.”

By expanding its new product category with mobile-application processors based on 32 nanometer-class process technology, Samsung plans to bolster its competitive edge in mobile phones with the debut of new high-end smartphones. The company plans to enhance R&D efficiencies, while expanding sales in emerging markets.

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