Samsung Electronics Posts Record High Sales of 279 Trillion Won Last Year (Update)

2021 Sales Surpass Semiconductor Supercycle Scale
Last Year's Operating Profit 51.57 Trillion KRW... Up 43.29% YoY

Samsung Electronics announced on the 8th that it recorded sales of 73 trillion won and an operating profit of 15.7 trillion won in the third quarter. This is the first time quarterly sales have exceeded 70 trillion won. On the same day, the Samsung flag was fluttering in the wind in front of Samsung Electronics' Seocho building. Photo by Moon Honam munonam@

[Asia Economy Reporter Lee Hye-young] Samsung Electronics recorded its highest-ever performance last year by surpassing annual sales of 279 trillion won.

Samsung Electronics announced on the 7th that its consolidated annual sales last year reached 279.04 trillion won, an increase of 17.83% compared to the previous year. This significantly exceeded the 243.7714 trillion won recorded in 2018, which was a semiconductor super cycle.

Last year's operating profit was 51.57 trillion won, up 43.29% from the previous year.

Despite the prolonged COVID-19 pandemic, semiconductor demand driven by untact trends led the performance, and the set businesses such as mobile and home appliances also showed steady growth.

Operating profit in the fourth quarter of last year was 13.8 trillion won, an increase of 52.49% compared to the same period last year, and quarterly sales rose 23.48% to 76 trillion won. This is the highest quarterly performance ever, breaking the record set in the third quarter of last year after just one quarter.

Samsung Electronics' annual sales and operating profit both exceeded the performance consensus compiled by financial information firm FnGuide (sales of 278.1487 trillion won and operating profit of 52.8376 trillion won). Quarterly sales surpassed the consensus (75.351 trillion won), but operating profit fell short of the expected 15 trillion won.

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