Samsung posted their best ever financial result for 2017 today, and it is pretty amazing.
Our Source confirmed that South Korean electronics giant Samsung has revealed record-high sales figures for last year, with a total operating profit of $50 billion (KRW 53.65 trillion). The company released it’s Q4 results today, alongside numbers for the whole of 2017. In the last three months of the year, Samsung amassed $61.54 billion (KRW 65.98 trillion) in consolidated revenue, which amounted to $14.13 billion (KRW 15.15 trillion) in operating profit.
At the same time, Samsung has announced the approval of a 50:1 stock split as it looks to further enhance shareholder value. The decision was taken after a number of requests to do so, in the hope that a lower share price will encourage new investors and make the company more competitive. A completed shareholder return policy also produced a year-end dividend of $20.21 (KRW 21,500) per common share.
With the anticipated release of the Galaxy S9 and S9+, Samsung should expect to continue the good form in Q1 2018. As OLED becomes the dominant mobile display technology this year, Samsung is well positioned to reap the rewards, and we may even see exciting products with new form factors, such as the much-anticipated phone with a foldable screen.