(MENAFN) Samsung Electronics Co Ltd aims to use its USD56 billion cash pile to fund growth including acquisitions, the tech giant's investor relations chief said, even as more shareholders clamor for bigger dividends, Gulf News reported.
The company's profit decreased 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 percent dividend boost and its first share buyback since 2007.
However, Samsung's head of investor relations, confirmed that shareholders should not expect the same in 2015 as the company keeps its focus on growth.
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