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Samsung posts record operating profit, nearly double last year’s


A link from Reuters

The South Korean electronics giant says that its fourth-quarter operating profit is up 89% year on year, to 8.84 trillion won ($8.3 billion). While analysts had expected a cut in capital spending for 2013, the firm said it would keep investment at a similar level to 2012—though not raise it, as it has for most of the past eight years.