Samsung Electro-Mechanics Q3 Operating Profit 311 Billion KRW... 32% Decrease YoY
[Asia Economy Reporter Han Yeju] Samsung Electro-Mechanics announced on the 26th that its consolidated operating profit for the third quarter of this year was 311 billion KRW, a 32% (144.8 billion KRW) decrease compared to the same period last year. Compared to the previous quarter, it decreased by 14% (49.1 billion KRW).
During the same period, sales amounted to 2.3837 trillion KRW, down 6% (164.1 billion KRW) from the same period last year and down 3% (71.9 billion KRW) from the previous quarter.
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In the third quarter, sales of related components such as high-resolution camera modules and automotive MLCCs increased due to growth in the automotive product market, but performance declined compared to the previous quarter due to decreased demand for IT sets such as smartphones and PCs and inventory adjustments.
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