Samsung Electronics Co Ltd aims to use its $56-billion cash pile to fund growth including acquisitions, the tech giant’s investor relations chief said, even as more shareholders clamour for bigger dividends. While the South Korean company’s profit declined in 2014 for the first time in three years as its lead in smartphones was challenged by Apple Inc, investors were cheered by a 40 per cent dividend boost and its first share buyback since 2007. But Robert Yi, Samsung’s head of investor relations, signalled that shareholders should not expect the same in 2015 as the ...
Samsung Electronics aims to use its $56 billion cash pile to fund growth: Robert Yi
Yi said more value fund managers had bought Samsung shares over the past year as its share price and earnings declined
Reuters |
First Published: Wed, February 18 2015. 00:04 IST
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