Samsung today released their Q4 2016 results and it looks pretty for the Korean conglomerate despite being a difficult year. The quarter that ended on December 31, 2016 recorded a revenue of 53.33 trillion won and recorded an operating profit for the quarter at 9.22 trillion won. For the whole year, Samsung posted a revenue […]
Company
South Korea mulls JY Lee’s arrest, Samsung Group refutes charges
UPDATE: The prosecutors are seeking a new arrest warrant against JY Lee. Read here. Worries don’t seem to leave Samsung off late. Prosecutors in South Korea are looking to arrest, Jay Y Lee, son of Kun-hee Lee for a bribing scandal involving the country President. The prosecutors allege that younger Lee had donated about 43 […]
Samsung reveals Earnings Guidance for Q4 2016
It’s that time of the quarter! Samsung has released its earnings guidance for the last quarter of 2016. According to the estimates based on K-IFRS, Samsung’s consolidated sales is around 53 trillion won whereas the consolidated operating profit around 9.2 trillion won mark. Samsung’s full-year consolidated sales is estimated to be approx. 201.54 trillion won […]
Samsung details plan to improve long-term value creation for shareholders
Samsung is one of the largest chaebols in the world and while the Lee family maintains a tight hold over Samsung, the company today announced its detailed plan to enhance long-term value creation for shareholders. First is the improvement in the shareholder program, which will see a 50 percent free cash flow dedicated to shareholder […]
Samsung to acquire Harman for $8 billion
In a somewhat interesting move, Samsung today announced that they’ve entered into a definitive agreement with Harman to acquire them for $112 per share in cash, totalling to $8 billion. The move will give Samsung access to a rapidly growing connected market for automobiles that is expected to grow more than $100 billion by 2025. […]