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Samsung 4Q17 earnings show bonkers year for chips, good sales in displays and phones

Samsung Electronics has posted tough fourth quarter profits with large enhancements from 2016.

The corporate has posted profits to the music of ₩65.98 trillion ($61.72 billion) with internet benefit conversion of ₩12.26 trillion ($11.47 billion). Each are up from the similar quarter ultimate 12 months by way of 24 % and 73 %, respectively.

Samsung Cellular made eight % extra earnings in gross sales with ₩25.03 trillion. Then again, it was once now not ready to offset losses in its IT industry, which the cell department is paired with, and the blended sector recorded an three.2 % decline in running benefit year-over-year.

The corporate says it was once ready to battle sagging low-end instrument shipments with higher flagship gross sales, despite the fact that it got here with a heavy value in promotions. It’s going to try to deliver again profitability to the mid-range and low-end fashions whilst keeping up momentum with “gross sales enlargement of flagship merchandise equivalent to [a Galaxy] S9 liberate.”

Semiconductor gross sales surged 42 % from 2016 to ₩21.11 trillion. The vast majority of gross sales had been of reminiscence chips, up 54 % to ₩17.94 trillion. Server and cell reminiscence chips led the department by way of some distance to report ranges as revenues from Exynos and ISOCELL digicam sensors in addition to foundry output hit seasonal lows.

With those rosy effects, Samsung has opted to offer out dividends of about $20.15 in keeping with proportion and can carry out a inventory break up, dividing present stocks by way of 50.

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