[Asia Economy Reporter Buaeri] Samsung SDS has achieved its highest quarterly sales ever.
Samsung SDS announced on the 27th that its third-quarter sales reached 3.3813 trillion KRW. This is a 13.9% increase compared to last year, marking an all-time high. However, operating profit grew by only 1% year-on-year to 222 billion KRW.
The strong performance was driven by expanded logistics sales. Sales from the IT platform-based logistics business recorded 2.0021 trillion KRW, a 22.6% increase compared to the previous year.
A Samsung SDS official said, "Growth was driven by increased IT product shipment volumes, rising ocean freight rates, and expansion of external business." Sales from external logistics business grew 54% year-on-year to 381 billion KRW due to regional expansion.
Sales from the IT services business reached 1.3792 trillion KRW, a 3.3% increase from the previous year, reflecting the expansion of cloud services, enterprise resource planning (ERP) business, and smart factory construction.
Samsung SDS plans to expand its business focusing on advanced enterprise cloud services in the IT sector, next-generation ERP-based external business, and smart factory projects.
In the logistics sector, the company plans to proactively provide logistics services in anticipation of increased shipment volumes from client companies. It intends to expand its digital forwarding business based on the 'Cello Square' digital platform.
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