Samsung SDS Reports Operating Profit of 990.1 Billion KRW Last Year, Up 13% YoY

[Asia Economy Reporter Buaeri] Samsung SDS announced on the 30th through a preliminary earnings report that it recorded sales of 10.7196 trillion KRW and operating profit of 990.1 billion KRW in 2019. Sales increased by 7% and operating profit by 13% compared to the previous year.

Samsung SDS explained, "In line with the management policy of innovative growth through external business, we actively secured customers outside Samsung affiliates, achieving external business sales of 1.8 trillion KRW, a 31% increase from the previous year."

In particular, the four major IT strategic businesses?Intelligent Factory, Cloud, AI·Analytics, and Solutions?accounted for more than 30% of IT service business sales for two consecutive years, continuously driving growth.

Looking at performance by business sector, IT service business sales increased by 3.8% from last year (5.6567 trillion KRW) to 5.8727 trillion KRW. External business sales, which secured customers in various industries such as manufacturing, finance, and security, rose 26% year-on-year to 1 trillion KRW.

Logistics BPO business sales increased by 10.7% from last year (4.3775 trillion KRW) to 4.8469 trillion KRW. Among these, external sales in various industries such as automotive parts, electronics, consumer goods/distribution, and solar modules increased by 38% year-on-year to 770 billion KRW.

Meanwhile, fourth-quarter sales were 2.7827 trillion KRW and operating profit was 326.2 billion KRW, up 4.7% and 58% respectively from the previous quarter, achieving the highest quarterly performance.

This content was produced with the assistance of AI translation services.