Samsung Electronics logged record in its market capitalisation in spite of the problems that goes through after the fiasco of the Samsung Note 7, which removed from the market by the fire of several terminals. The actions of the firm in south korea grew in value by 4.1% in the session of Wednesday, up a contribution record of 1.746 billion won, which increased by up to 39% gain so far this year.
you CAN SEE: Samsung removed all Galaxy Note 7 of the market
The signature evaluates to split into two companies –one operating and the other corporate- and adopt a structure of holding, which will allow the family founder of the Read to keep in a more transparent manner the control of the company, who now holds through a network of cross-holdings, which raised the criticisms and suspicions of the south Korean Government.
Samsung also announced that will increase by 30% the dividends distributed in the 2016 , and the incentives of shareholders for which these maintain their trust. The company will use 50% of free cash flow to reward shareholders this year and next, which will entail a return of around 9.5 trillion won (7,500 million euros) in 2016. The rest of the return of cash will be used to buy shares from the end of January.
“Now you have to refocus in the midst of ongoing problems, including the recent political scandal, so that is not a good time to run a structural reform of this type at the moment,” said Lee Sang Hun, an analyst of the structure of government at HI Investment & Co Values .
“Samsung has faced several challenges in 2016,” said the chief executive of Samsung executive Kwon Oh-hyun. “In 2017, the global economic outlook will remain uncertain and competition in key products will continue to intensify, but we will continue to invest”.
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