[Featured Stock] Samsung Electronics Rises 1.6% on Strong Operating Profit Last Year
[Asia Economy Reporter Park Jihwan] Samsung Electronics is showing strong performance in early trading following news that its consolidated operating profit reached 36 trillion won last year.
According to the Korea Exchange as of 9:49 AM, Samsung Electronics was trading at 84,200 won, up 1,300 won (1.57%) from the previous trading day.
On this day, Samsung Electronics announced that its preliminary consolidated operating profit for last year was 35.95 trillion won, an increase of 29.46% compared to the previous year. This figure represents a 29.46% increase from the 27.77 trillion won operating profit recorded in 2019.
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During the same period, total sales amounted to 236.26 trillion won, up 2.54% from the previous year.
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