Samsung Electro-Mechanics Q1 Operating Profit 164.6 Billion KRW... 32% Decrease YoY
[Asia Economy Reporter Changhwan Lee] Samsung Electro-Mechanics announced on the 28th that it recorded consolidated sales of 2.2245 trillion KRW and operating profit of 164.6 billion KRW in the first quarter of this year. Compared to the same period last year, sales increased by 7.9%, but operating profit decreased by 32.1%. Compared to the previous quarter, sales increased by 21% and operating profit by 19%.
Samsung Electro-Mechanics explained that it expanded the supply of high-value-added camera modules to new flagship smartphones of strategic clients, and sales of PC and industrial MLCCs (Multilayer Ceramic Capacitors) increased, improving performance compared to the previous quarter.
Compared to the same period last year, operating profit declined due to a decrease in MLCC ASP (Average Selling Price).
For the second quarter, although expansion of markets related to non-face-to-face services such as PCs and servers is expected, sales are anticipated to slightly decrease compared to the first quarter due to the global economic slowdown caused by COVID-19.
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Samsung Electro-Mechanics stated that it plans to strengthen market responsiveness to prepare for uncertainties arising from demand fluctuations.
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