Samsung reports higher profits for Q3 2015
Third quarter financial results are in for the South Korean electronics giant and the bottom line is as as good as ever. Revenue is up from 47.45 trillion Won (38 billion Euros) in Q3 2014 to 51.68 trillion Won (41.35 billion Euros) in Q3 2015 for an increase of 9 percent. Operating profit has also jumped from 4.06 trillion Won to 7.36 trillion Won (5.89 billion Euros) during the same time frame.
Net profit is up significantly from 4.22 trillion Won during Q3 2014 to 5.46 trillion Won for this past quarter, which represents an increase of 29.4 percent and a total of 4.37 billion Euros. Compared to the immediate quarter before (Q2 2015), profits are down slightly from 5.75 trillion Won. Samsung announced a multi-billion Dollar buyback of its shares totaling 9 billion Euros following the public release of its quarterly numbers.
The highest turnover came from Samsung's IT and Mobile Communications (IM) unit at 26.61 trillion Won, which also happens to include the company's smartphone division. Its Consumer Electronics (CE) unit and TV business are also quite stable. The Device Solutions (DS) and Display Panel (DP) units scored comparatively higher profits for Samsung.
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