Samsung has announced its financial results for 2011

The South Korean company Samsung Electronics announced its financial results for the fourth quarter of the previous 2011 and all 2011.

In the last quarter, the company which ended December 31, 2011, revenues amounted to 47.3 trillion Samsung South Korean Won (~ $ 42.144 billion) on a consolidated basis, thereby showing a 13 percent growth rate in comparison with the period last year. Consolidated operating profit for the 4th quarter was $ 5.3 trillion Won (~ $ 4.722 billion), compared with that period last year, representing 79 percent growth. Consolidated net profit for the quarter was $ 4 trillion Won (~ $ 3.564 billion).

According to the company, its main driving force that brought income, sales of smartphones have become telecommunications division. Operating profit of this division for the last quarter showed a record 2.64 trillion South Korean Won (~ $ 2.352 billion). Revenue department was also a record - 17.82 trillion Won (~ $ 15.877 billion), whereas a year ago it was at 11.75 trillion Won.

For the full year operating profit amounted to 8.27 trillion units Won (~ $ 7.369 billion) showing a 90 percent increase compared to last year. Total sales for fiscal 2011 also showed record results in company history - 55.53 trillion Won, or nearly one-third of total revenue, Samsung Electronics last year.

In total supply Samsung smartphones in the fourth quarter rose 30 percent compared with the previous one.