Samsung Electronics Reports Q4 Revenue of 70 Trillion KRW and Operating Profit of 4.3 Trillion KRW, Below Consensus (2nd Report)
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[Asia Economy Reporter Han Yeju] Samsung Electronics announced on the 6th that it recorded consolidated sales of 70 trillion KRW and an operating profit of 4.3 trillion KRW in the fourth quarter of last year.
For the fourth quarter results, sales decreased by 8.83% and operating profit decreased by 60.37% compared to the previous quarter, and sales decreased by 8.58% and operating profit decreased by 69% compared to the same period last year.
As a result, it fell short of the securities market consensus of sales of 72.7531 trillion KRW and operating profit of 6.9254 trillion KRW.
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Last year's annual sales were 301.77 trillion KRW, and operating profit was 43.37 trillion KRW. This is the first time Samsung Electronics has surpassed 300 trillion KRW in annual sales. However, the annual results also fell below the securities market forecasts of 304.751 trillion KRW in sales and 46 trillion KRW in operating profit.
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