Samsung SDS Q2 Operating Profit 196.7 Billion KRW... 24% Decrease YoY

[Asia Economy Reporter Bu Aeri] Samsung SDS announced on the 24th that it recorded sales of 2.5666 trillion KRW and an operating profit of 196.7 billion KRW in the second quarter.

Due to business delays caused by the impact of the novel coronavirus infection (COVID-19), sales decreased by 7.5% and operating profit decreased by 24% compared to last year.

Compared to the first quarter of this year, sales increased by 5.4% and operating profit increased by 14.9%. In particular, sales from non-affiliate businesses increased by 12.4% compared to the first quarter. Sales of IT strategic businesses such as cloud, intelligent factory, artificial intelligence (AI), and solutions increased by 6% compared to the first quarter.

Looking at performance by business sector, IT service business sales recorded 1.3198 trillion KRW, up 2.7% from the first quarter by securing new external customers in various industries. This is a 15.9% decrease compared to the same period last year.

Logistics BPO (Business Process Outsourcing) business sales increased by 8.4% from the first quarter to 1.2468 trillion KRW due to increased air logistics and expansion of external business, a 3.3% increase compared to the same period last year.

Samsung SDS stated, "Despite the difficult management environment in the second half, corporate IT investment is expected to gradually recover," adding, "Accordingly, we plan to secure new business opportunities centered on IT strategic businesses such as next-generation system construction, manufacturing intelligence, and cloud transition and construction, and expand non-affiliate businesses."

In the logistics sector, Samsung SDS plans to proactively provide logistics services in preparation for the expected increase in customer cargo volume in the second half and actively pursue new customer acquisition.

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