Samsung confirms its first profit growth since the Galaxy S4
The company will buy back and cancel 11.3 trillion worth of shares and boost capital spending
Samsung Electronics is tapping into its $50 billion cash pile to buy back shares and invest in its components business after struggles in the smartphone division battered investors.
The company will buy back and cancel 11.3 trillion won ($10 billion) of shares and boost capital spending by 14 per cent this year, Samsung said Thursday.
The announcements came after the company posted profit that trailed analyst estimates.
Samsung is struggling for an answer ...
