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Samsung Elec says earnings growth to continue in 2010

Published on Fri, Jan 29, 2010 at 09:19 |  Source : Reuters

Updated at Fri, Jan 29, 2010 at 16:29  

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Samsung Elec says earnings growth to continue in 2010

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South Korea's Samsung Electronics said on Friday positive earnings growth would continue in 2010, driven by the global economic recovery.

Samsung, which invested 8.1 trillion won (USD 7.0 billion) in capex last year, said it would spend more than 5.5 trillion won in memory chips and 3 trillion won in its liquid crystal display (LCD) business this year.

 

  

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