30 Jan '12, 9am

#Samsung posts record profit in 4Q11

"Despite intensified competition amid the global economic slowdown, our Telecommunications businesses continued to post solid earnings with an enhanced line-up of high-end smartphones, resulting in higher average selling price (ASP)," said Robert Yi, senior VP and head of investor relations at Samsung, in a statement. "Moreover, improved profitability and earnings growth of our Set businesses, including smartphones and flat panel TVs led to our company's strong earnings."

Full article: http://www.digitimes.com/news/a20120130PR207.html

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