The Korean tech giant said its four share repurchases and the cancellations have elevated the company’s stock price almost 20 percent over the past year.
|Samsung Electronics Vice Chairman Lee Jae-yong|
As of Sept. 26, Samsung shares traded at 1,568,000 won, which compared to 1,308,000 won on Oct. 28 last year.
“The share repurchase program has supported the stock price at a tough time while offering a boost when the market is upbeat,” the company said in a statement.
The company added return on equity, earnings per share and other overall corporate values have improved during the period.
By Lee Ji-yoon (email@example.com)