From BigGo Finance · BigGo Finance · · 1m 30s
Samsung Cash Holdings Hit 214.8 Trillion Won
Samsung Electronics' cash holdings top 214.8 trillion won for first time, doubling in a year.
In brief
Samsung Electronics' cash holdings top 214.8 trillion won for first time, doubling in a year. Samsung Electronics' cash and cash equivalents reached 214.8 trillion won at end of Q3, doubling from 108.5 trillion won a year earlier. Originally reported by BigGo Finance.
Samsung Cash Holdings
Samsung Electronics' cash and cash equivalents reached 214.8 trillion won at end of third quarter.
First South Korean Company to Surpass 200 Trillion Won
This marks the first time a South Korean company has crossed the 200 trillion won threshold.
Cash Holdings Double in a Year
Cash holdings doubled from 108.5 trillion won a year earlier to 214.8 trillion won.
Net Cash Approaches 200 Trillion Won
Net cash reached 197.6 trillion won, approaching the 200 trillion won mark.
Total Assets Near 800 Trillion Won
Total assets stood at 791.8419 trillion won, putting the 800 trillion won milestone within reach.
Shareholder Returns Target
Samsung plans to hit the top end of its shareholder return target range of 90 to 110 trillion won.
Capital Expenditure Plan
Capital expenditure for this year is set at 84.4 trillion won, 60% more than last year.
Semiconductor Division Investment
76.8 trillion won will go to the semiconductor division to build new memory fabs.
R&D Spending Surpasses 50 Trillion Won
R&D spending is expected to surpass 50 trillion won for the full year.
The key point
Samsung Electronics' cash and cash equivalents reached 214.8 trillion won at end of Q3, doubling from 108.5 trillion won a year earlier.
