Finance

Business
Samsung Announces 2017 Results
Samsung Electronics posted KRW 65.98 trillion (~$61.7 billion) in consolidated revenue and KRW 15.15 trillion (~$14.5 billion) in operating profit for the fourth quarter of 2017. Overall, the company reported full-year revenue of KRW 239.58 trillion (~$224 billion) and full-year operating profit of KRW 53.65 trillion (~$50.2 billion). Fourth quarter earnings were driven by the components business, with the largest contribution coming from the Memory business that manufactures DRAM and…
Business
Telenor Strong Earnings in Q4 2017
Telenor, after a strong first 3 quarters of 2017, achieved an even more impressive Q4 with $4.16 billion of revenue. The company closed 2017 with a total of $16.2 billion comparing to 2016’s $16.3 billion. Fourth quarter 2017 summary On an organic basis, revenues dropped 0.5%, while subscription and traffic revenues rose by 3%, positively impacted by a negative one-time item in Sweden last year. Currency adjusted opex decreased by…