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Samsung reports higher profits for Q3 2015

Samsung reports higher profits for Q3 2015
Samsung reports higher profits for Q3 2015
Samsung is again on the rise for Q3 2015. Sales and profits for semiconductors, displays, and smartphones are seeing gains.

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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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2015 10 > Samsung reports higher profits for Q3 2015
Ronald Tiefenthäler/ Allen Ngo, 2015-10-30 (Update: 2015-10-30)
Allen Ngo
Allen Ngo - US Editor in Chief
After graduating with a B.S. in environmental hydrodynamics from the University of California, I studied reactor physics to become licensed by the U.S. NRC to operate nuclear reactors. There's a striking level of appreciation you gain for everyday consumer electronics after working with modern nuclear reactivity systems astonishingly powered by computers from the 80s. When I'm not managing day-to-day activities and US review articles on Notebookcheck, you can catch me following the eSports scene and the latest gaming news.