SEOUL, South Korea (
swung to a profit in the fourth quarter, earning 3.05 trillion won ($2.63 billion) on sales that were 37% higher.
Samsung a year earlier lost 22 billion won, the first net loss since it began reporting quarterly results in 2000.
Samsung reported fourth-quarter revenue of 25.32 trillion won vs. 18.45 trillion won a year earlier.
The consumer electronics maker said it benefited from higher prices for memory chips in the quarter. Samsung sold about 11 million flat-screen TVs in the fourth quarter, while mobile phone sales rose 16% to 69 million units.
Samsung is the No. 1 maker of computer memory chips and ranks behind
in cell phones.
The company could pass
to become the world's largest technology company by sales this year, according to the
Wall Street Journal
Samsung said it expects "positive growth across its businesses in 2010."
-- Reported by Joseph Woelfel in New York.
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