Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Now is no time to add pressure on businesses: top executives

    Now is no time to add pressure on businesses: top executives
  2. 2

    CJ CheilJedang to spur overseas growth with new Hungary, US plants

    CJ CheilJedang to spur overseas growth with new Hungary, US plants
  3. 3

    Seoul to host winter festival from Dec. 13

    Seoul to host winter festival from Dec. 13
  4. 4

    Blackpink's solo journeys: Complementary paths, not competition

    Blackpink's solo journeys: Complementary paths, not competition
  5. 5

    Nationwide rail disruptions feared as union plans strike from Dec. 5

    Nationwide rail disruptions feared as union plans strike from Dec. 5
  1. 6

    N. Korea, Russia court softer image: From animal diplomacy to tourism

    N. Korea, Russia court softer image: From animal diplomacy to tourism
  2. 7

    [Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts

    [Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
  3. 8

    Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid

    Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
  4. 9

    Korean Air offers special flights for mileage users

    Korean Air offers special flights for mileage users
  5. 10

    Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says

    Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
피터빈트

Samsung’s preferred shares hit record-high

By 박한나

Published : Aug. 8, 2016 - 11:22

    • Link copied

[THE INVESTOR] Samsung Electronics Preferred shares of Samsung Electronics touched a new high on Aug. 8, propelled by improved earnings and treasury stock buyback.

The shares retreated to 1,298,000 won (US$1,164.55) as of 10:30 a.m. after reaching an all-time high of 1,305,000 won, up 0.62 percent from the earlier session. 

Samsung Galaxy Note 7. Samsung Galaxy Note 7.


The share price has been moving up since the company reported an operating profit of 8.14 trillion won, up 18 percent on-year in the second quarter.

The gain also stemmed from Samsung Electronics’ repurchase of its shares. It plans to buy back a total of 1.51 trillion worth of shares by Oct. 28. 

By Park Han-na (hnpark@heraldcorp.com)

More from Headlines