Samsung reports excellent Q4 results

Samsung reports excellent Q4 resultsSamsung surpassed Apple to become the world’s top smartphone maker in Q3 2011, and while it dropped the baton in Q4 (thanks, iPhone 4S), Sammo still did tremendously well.

Essentially, everything is up year-on-year; it’s all good. Wow, this makes a change from writing about RIM and Nokia’s misery. How novel.

In a press release today, Samsung Electronics announced revenues of 47.3 trillion Korean won (just under £27 billion) for Q4 2011, a 13% increase year-on-year. Not too shabby, Sammo.

Consolidated operating profit was 5.3 trillion Korean won (a 79% increase year-on-year), with consolidated net profit of 4 trillion won (£2.26 billion).

The South Korean manufacturer’s full 2011 revenue hit an all-time high of 165 trillion won, up 7% from 2010. However, net income and operating profit were down a tad from 2010.

Of course, a large part of Samsung’s success is owed to its mobile division, in particular the Samsung Galaxy S II and Samsung Galaxy Note.

“Despite intensified competition amid the global economic slowdown, our Telecommunications businesses continued to post solid earnings with an enhanced line-up of high-end smartphones, resulting in higher average selling price (ASP),” yelled Robert Yi, SVP and Head of Investor Relations.

We’re fully expecting more of the same in 2013. Samsung Galaxy S III, anyone?

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