Tuesday, January 24, 2017

Profit Samsung has more than doubled in fourth quarter 2016 – NU.nl

The company benefited primarily from higher prices for memory chips and displays. The net profit amounted to 7.1 trillion won (5.7 billion euros) on a turnover of converted 42,6 billion euro.

A year earlier, net profit was still 3.2 billion won. Earlier this month, made Samsung is already known that in the recent period, the highest operating profit was earned in three years.

The Galaxy Note 7 was last year, shortly after the launch of the market to be achieved, because batteries were exploding, or on fire were flown. According to Samsung, the problems with the Note 7 caused by batteries with the wrong size, leading to overheating and fire led. The battery did not fit well in the housing of the device.

By: ANP

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