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…
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…