Samsung Electronics announces leadership shakeup amid record profits

Samsung Electronics' Q3 profits, driven by memory chip demand, nearly tripled YoY to $12.92B on $55.18B revenue, up 30% YoY, mobile sales rose 23% YoY to $2B  

Samsung Electronics announced today the Company’s Shareholder Return Program for 2018-2020, which includes significant enhancements in dividend policy and is set to deliver long-term value for its shareholders.

The program builds on the previous Shareholder Value Enhancement Program it announced in 2015 that was well received by the market, and reinforces the Company’s commitment to creating shareholder value and returning significant capital to its shareholders.

Samsung Electronics today announced financial results for the third quarter ended September 30, 2017. Samsung’s revenue for the quarter was KRW 62.05 trillion, an increase of KRW 14.23 trillion YoY, while operating profit for the quarter posted a record KRW 14.53 trillion, an increase of KRW 9.33 trillion YoY.
In the third quarter, strong demand for high-performance memory chipsets for servers and flagship mobile devices was a contributing factor to the company’s overall robust performance. The Semiconductor Business registered significant earnings growth both YoY and QoQ, and the System LSI added to the earnings rally through increased sales of DDIs and image sensors. The display panel segment posted an earnings decline despite the expanded sales of flexible OLED panels for premium smartphones. The Mobile Business saw strong shipments thanks to the launch of Galaxy Note 8 and solid sales of the new Galaxy J series, but its earnings declined QoQ due to the higher sales proportion of mass-market smartphones.

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