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Samsung Q4 net up 75.6 pct on Galaxy smartphone boom
SEOUL, Jan. 25 (Yonhap) -- Samsung Electronics Co., the world's top maker of computer memory chips and smartphones, said Friday its fourth-quarter earnings jumped 75.6 percent from a year earlier, buoyed by robust shipments of its flagship Galaxy S3 and Galaxy Note 2 smartphones.

   Net profit came to 7.04 trillion won (US$6.59 billion) in the October-December period, compared with 4.01 trillion won a year earlier, the company said in a regulatory filing.

   Revenue rose 18.5 percent on-year to 56.06 trillion won, while operating profit soared 89.4 percent to a record 8.84 trillion won. The figures were in line with Samsung's guidance released earlier this month.

   The stronger bottom line was largely attributed to strong sales of the company's flagship mobile devices and seasonal demand for electronics products.

   For all of 2012, Samsung logged a net profit of 23.8 trillion won, with revenue and operating income reaching 201.1 trillion won and 29.05 trillion won, respectively.

   mil@yna.co.kr
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