Samsung Electronics Reports Operating Profit of 35.95 Trillion KRW Last Year, Up 29.46% YoY (Update)

Samsung Electronics' operating profit last year was 35.95 trillion KRW.
[Image source=Yonhap News]

[Asia Economy Reporter Ki-min Lee] Samsung Electronics announced on the 8th that its provisional annual sales and operating profit for last year were 236.26 trillion KRW and 35.95 trillion KRW, respectively.

This represents an increase of 2.54% and 29.46%, respectively, compared to the 2019 annual sales of 230.4 trillion KRW and operating profit of 27.77 trillion KRW.

Despite the COVID-19 pandemic situation from the beginning of this year, overall performance increased due to factors such as the activation of non-face-to-face demand and the rise in pent-up demand, which improved the performance not only of semiconductors but also of set businesses including smartphones and home appliances.

Additionally, Samsung Electronics' provisional sales for the fourth quarter of last year were 61 trillion KRW, and operating profit was 9 trillion KRW. Although this decreased compared to the 'earnings surprise' operating profit of 12.3533 trillion KRW in the third quarter of last year, it represents an increase of 1.87% and 25.7%, respectively, compared to sales (59.8848 trillion KRW) and operating profit (7.1603 trillion KRW) in the same period last year.

Meanwhile, the provisional results are estimated based on the Korean International Financial Reporting Standards (IFRS). Although the settlement has not yet been completed, Samsung Electronics announces this for the convenience of investors.

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