[Asia Economy Reporter Kim Heung-soon] Samsung Electronics announced on the 28th that its operating profit last year was 35.9939 trillion KRW, an increase of 29.62% compared to the previous year. Sales totaled 236.807 trillion KRW, up 2.78% from the previous year. The annual operating profit was the fourth highest since 2013, 2017, and 2018, and sales recorded the third highest ever.
In the fourth quarter of last year, operating profit was 9.047 trillion KRW, and sales were 61.5515 trillion KRW. Compared to the same period in 2019, these increased by 26.35% and 2.78%, respectively.
By division, the semiconductor sector recorded sales of 18.18 trillion KRW and operating profit of 3.85 trillion KRW in the fourth quarter of last year. Although the overall market conditions for semiconductors were favorable throughout last year, prices of memory semiconductors such as server DRAM declined somewhat in the fourth quarter, and the won's appreciation against the dollar reduced operating profit by about 1.7 trillion KRW compared to the third quarter of last year (5.54 trillion KRW). Mobile (IM) operating profit was 2.42 trillion KRW, TV and home appliances (CE) recorded 820 billion KRW, and display recorded 1.75 trillion KRW, respectively.
Samsung Electronics' capital investment last year totaled approximately 38.5 trillion KRW, a 43% increase compared to 2019. By business, semiconductor investment was 32.9 trillion KRW due to investments in advanced memory factories and foundry EUV 5nm process expansion, and display investment was 3.9 trillion KRW due to expansion of QD display production capacity, among others.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
