Samsung Electronics recorded an operating profit of 20 trillion won in the fourth quarter of last year. It renewed its record high operating profit of 17.57 trillion won, set in the third quarter of 2018, after eight years.
On the 8th, Samsung Electronics announced that its consolidated operating profit for the fourth quarter of last year was tentatively tallied at 20 trillion won, a 208.2% increase from the same period last year. Compared to the previous quarter (12.17 trillion won), it is an increase of 64.3%.
Sales also reached 93 trillion won, up 22.7% from the same period last year. It is an increase of 8.1% compared to the previous quarter. This is also a record high. For the first time, Samsung Electronics' quarterly sales exceeded 90 trillion won.
This performance exceeded market expectations. According to the consensus (performance forecast) of 17 securities firms that issued reports in the last month, Samsung Electronics' fourth-quarter sales were expected to increase by 22.1% year-on-year to 92.5445 trillion won, and operating profit was expected to increase by 202.6% to 19.6457 trillion won.
The consensus for operating profit in the reports over the past three months was in the 17 trillion won range, but as the price of general memory chips continued to rise and sales of high bandwidth memory (HBM) expanded, the performance outlook has been raised.
▶ Original source: https://m.mk.co.kr/news/business/11926422?jd=V2_488401779266914&utm_source=taboola&utm_medium=taboola_news&dc_data=45613304_samsung-news-korea&cex=true&geniev41=27484&origin_referral_type=minus_one&exp=start-chosun-kr-ko-ec&response.session=v2_720645da1a5
