SEOUL: Samsung Electronics Co Ltd aims to use its US$56bil 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% dividend boost and its first share buyback since 2007.
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