Samsung recorded its lowest quarterly profit since 2011

Samsung Electronics, the world's largest manufacturer of smartphones, has reported its lowest profit in three years. Net income for the last three months of 2013, excluding minority, rose 5.4% to 7.222 billion won in annual rate. This is the lowest profit since the third quarter of 2011.

Payment of outstanding premiums and a slowdown in sales of smartphones, as the war intensifies with American Apple particular weighed on the performance of the Korean group. Consequence: it remains cautious on its annual investment plan. According to him, it will be difficult to increase profits for the first half, after a decline in demand during the holiday season.


"It will be hard for Samsung to improve its performance in the first quarter due to the traditional air hole early years in the technology sector, which weighs on demand for electronics and TVs" the company said in a statement. The capitalization of Samsung Electronics totaling $ 204 billion, the shares rose 0.4% after the publication of the results to the Seoul stock exchange on Friday.

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