Samsung Q4 operating profit grows more than 63%

Samsung Electronics fourth-quarter sales were projected to have jumped 23.8 percent year-on-year to 66 trillion won

Tentative consolidated revenues for the fourth quarter of 2017 is almost KRW 16.9 trillion with an operating profit of KRW 366.8 billion.

SK Telecom, the nation's biggest mobile carrier, increased 3.76 percent to 276,000 won, and No. 3 LG Uplus jumped 7.83 percent to 15,150 won. Revenues are expected to be 14.8 percent higher with operating profit turning from a loss to a gain from the same quarter one year prior.

The company is set to release its final earnings report later this month.

Based on the guidance, Samsung's full-year operating profit is estimated at 53.6 trillion won, compared with 29.2 trillion won in 2016, putting the tech titan on course for a record annual profit.

Previous coverage: After years of flexible smartphone display rumors, we've now reached 2018, where we probably only have another year of rumors to go.

South Korean stocks finished lower on January 9 due to tech losses, triggered by Samsung Electronics' weaker-than-expected earnings estimates due to the strengthening local currency, analysts said.

Lee, who was found guilty in August of bribery, perjury and other charges relating to payments made by Samsung to ousted president Park Geun-Hye's secret confidante Choi Soon-Sil, is appealing his five-year sentence and says he is innocent. Its operating profit for the entire year would exceed $50 trillion won (around $46 billion), which would be a first for the tech giant.

Related News:

  • Euphoric reception for Congress president Rahul Gandhi in Bahrain

    Euphoric reception for Congress president Rahul Gandhi in Bahrain

    Responding to a question from the audience, Rahul also pin-pointed three key policy sectors he would focus on, if he was in power.
    Eva Longoria Showed Off Her Growing Baby Bump At The Golden Globes

    Eva Longoria Showed Off Her Growing Baby Bump At The Golden Globes

    Meier, 31, shared a photo of herself in a floral gown prior to attending the award show on Sunday afternoon. To raise awareness, the highly recommended attire for the Globes was black.
    Arsenal 'quote Manchester City £40m for Alexis Sanchez'

    Arsenal 'quote Manchester City £40m for Alexis Sanchez'

    Arsene Wenger is determined to hang on to his top players in this window, but we know they're also keen to strengthen the squad. On Monday, the London Evening Standard have an update on Alexis Sanchez and his Arsenal future.
  • Max Holloway vs. Frankie Edgar Headlines UFC 222 in Las Vegas

    Max Holloway vs. Frankie Edgar Headlines UFC 222 in Las Vegas

    The pair was originally scheduled to square off at UFC 218, but the bout fell off when the latter pulled out due to injury . The win was Holloway's twelfth in a row since suffering back to back losses to Dennis Bermudez and Conor McGregor in 2013.
    AMD Launches Ryzen Pro Mobile CPUs

    AMD Launches Ryzen Pro Mobile CPUs

    Over the first half of the year, the company is going to release the final missing members of the Ryzen product line-up. Ryzen 2 will use 7nm process technology, is already complete and promises to improve on Ryzen in multiple dimensions.
    Egypt sets presidential election date day after Sisi rival bows out

    Egypt sets presidential election date day after Sisi rival bows out

    My stay at UAE distanced me from closely monitoring the developments and achievements that happened in Egypt. Announcing the date, the national election commission said a run-off would be held on April 24-26 if needed.
  • No, it isnt too late to get a flu shot

    No, it isnt too late to get a flu shot

    It's able to prompt your immune system to make antibodies against the flu, so it's ready in case you encounter the real the thing. People with the flu describe it as feeling like they've been hit by a truck: miserable body aches, fever, fatigue, etc.
    How to protect Windows and Apple PCs from critical processor flaw

    How to protect Windows and Apple PCs from critical processor flaw

    If you installed earlier updates, only the new fixes contained in this package will be downloaded and installed on your device. The technology's sector's love of grand sounding names has led to the flaws being dubbed the " Meltdown and Spectre bugs".
    HTC Vive Pro revealed at CES 2018, higher resolution and integrated headphones

    HTC Vive Pro revealed at CES 2018, higher resolution and integrated headphones

    This was also part of the HTC Vive Pro presentation which will make use of this new feature when four base stations are connected. While there have been third-party add-ons that turn the Vive wireless, HTC is offering an official accessory.
  • H&M slammed over advert of black child in 'monkey' hoodie

    H&M slammed over advert of black child in 'monkey' hoodie

    H&M sparked outrage on social media over the weekened for posing a black child model in a sweatshirt emblazoned with the words " Coolest Monkey In The Jungle ".
    Jio cuts tariff by Rs

    Jio cuts tariff by Rs

    In comparison with Reliance Jio's competing Rs 799 plan, Airtel managed to win on this one by offering 500MB extra data each day. All these data packs come with their similar offer of unlimited calls, SMS bundle, and access to Jio's bundle of applications.
    Samsung unveils The Wall

    Samsung unveils The Wall

    Again, showing off insane TVs at CES is nothing new-Samsung itself showcased a 170-inch display at the show just two years ago. At the First Look of CES 2018 , the company exhibited the 146-inch TV along with its newest innovations in display technology.

Most liked

Chief signs order recognizing MLK Day as CN holiday
Close Modal Window Hang on for a minute.we're trying to find some more stories you might like. An exhibit as part of Aurora's annual commemoration events in honor of Martin Luther King, Jr.

Trump to attend Davos World Economic Forum, may meet Modi
Trump worked to reverse or rework America's relationship with trading partners, moves he argued would boost US economic interests. An aide at the time said participating in the high-powered annual meeting would betray the president's populist movement.

Too much Ibuprofen linked to male infertility
The condition is most commonly seen in smokers and the elderly, but the new research suggests it can affect young men, too. Ibuprofen is a very common over-the-counter pain reliever that we've probably all taken at some point.

Texas woman eats raw oysters, dies from flesh-eating bacteria
Duc Vugia, chief of the Infectious Diseases Branch at the California Department of Public Health , on a CDC podcast in 2013. Food Safety advises against eating of raw oysters and provided tips on preparing and cooking them.

Takata expands airbag recall by 3.3 million
Sources further disclose that, the scandal has forced Takata to file for bankruptcy in June 2017, owing to spiraling debts. NHTSA is prioritizing the recalls, putting older models, those in "highest danger zones" in the first priority group.

Brokenshire resigns from Cabinet for medical reasons
Mr Brokenshire said in a statement. "There is an urgent need to restart talks between the parties". I feel intently the impact on public services of the continuing absence of devolved government.

More than a dozen dead as powerful blizzard batters United States east coast
On Wednesday, the same storm brought historic cities in the Southeastern United States their heaviest snowfall in three decades. More seasonable weather is expected to return early next week with temperatures in the high 30s and near 40s, he said.

Kawhi Leonard now out with shoulder injury
Because of that, we can expect San Antonio to keep Leonard off the court until they're certain he can't do any further damage. San Antonio Spurs star forward Kawhi Leonard has a partial tear in his left shoulder, head coach Gregg Popovich announced .

SpaceX dazzles with first launch of the year
It believes Zuma is another of the agency's satellites and is therefore meant to be positioned near the two existing spacecraft. This launch has been delayed previously, in part due to weather, but the launch window opened again this evening at 5 p.m.

Legal rights NGO: Israel's BDS blacklist 'reminiscent of Apartheid South Africa'
The nongovernmental organizations (NGOs) in the latest list come from Europe , the United States , Chile, and South Africa .

Watch Oprah Winfrey's Powerful Lifetime Achievement Award Acceptance Speech at Golden Globes
Trump has famously derided stories about him and entire news organizations as " fake news ". You can read the full text of Oprah's speech that fired up the Golden Globes HERE.

HP announces Spectre 15 X360 with Kaby Lake, RX Vega M
Ports include: 1 x Thunderbolt 3, 1 x USB 3.0 Type-C, 1 x USB 3.0 Type-A, 1 x HDMI, 1 x Headphone-out/mic-in combo jack. Although things have been keep quiet, Intel has now listed the specs for its Core-G series with RX Vega M graphics.

A 65-inch rollable OLED TV is officially unveiled by LG Display
LG has also upgraded in the audio category from the current standard 2.1 channel sound to 3.1 channel sound. But we'll likely hear more when CES kicks off this week.

Who's affected by Intel computer chip security flaw
The good news, he said, is that major cloud providers have known about this for months and have had time to tackle the problem. Microsoft said in a statement Thursday that it is not aware of any of these vulnerabilities being used against its customers.

CAT Results 2017 Released, IIM Lucknow Score card at cdn
All the candidates who have appeared in the Common Admission Test are able to log in to check their results. The students are advised to keep a check on the official website of the institute to access CAT result.