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1/28/2021, 1:32 AM (Source: TeleTrader)
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Samsung's operating profit rises by 26% in Q4

Samsung Electronics Co.'s income statement released on Thursday showed the company's operating profit in the fourth quarter of 2020 landed at 9.05 trillion won (~$8.12 billion), a 26.7% decrease from the previous quarter and a year-on-year jump of 26.4%.

For the three months through December, the South Korean tech giant booked a net profit of 6.61 trillion won (~$5.94 billion), which is 26.4% more on an annual basis. The company saw its total sales dwindling down to 61.55 trillion won (~$55.25 billion) from last quarter's 66.96 trillion (~$60.11 billion), despite marking an increase compared to 2019's 59.88 trillion won (~$53.73 billion). Meanwhile, its basic earnings per share (EPS) increased to stand at 949 won ($0.85), in contrast with last year's 769 won ($0.69).

The company booked a net profit of 26.41 trillion won (~$23.7 billion) over the past year, rising compared to 2019's 21.74 trillion won (~$19.50 billion). Sales reached 236.81 trillion (~$212.52 billion), up 2.8% year-on-year, while EPS for the full-year 2020 stood at 3,841 won, surging 21.3% compared to the year before.

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