Samsung Electronics has reported an operating profit of 8.3 trillion for the fourth quarter of 2013. The company?s profit declined by 18.3 per cent over the third quarter of 2013.
Samsung Electronics has reported a decline in profits despite achieving record sales worth 59 trillion for the quarter under review. The company has attributed the decline in its profits to slower growth in high-end smartphone sales and higher marketing and wage costs. The company?s overall sales for the year 2013 are expected to reach 228 trillion winessing a growth of 13 per cent over 2012.
