1/27, 2:32 AM (Source: TeleTrader)
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Samsung's operating profit rises by 53% in Q4

Samsung Electronics Co.'s income statement released on Thursday showed the company's operating profit in the fourth and final quarter of 2021 landed at 13.87 trillion won ($11.47 billion) to mark a year-on-year jump of 53.3 percent, despite dropping 12.3% on a quarterly basis.

For the three months through December, the South Korean tech giant booked a net profit of 10.84 trillion won ($9.01 billion), which is 64% more on an annual basis.

The company saw its total sales hit a quarterly record of 76.57 trillion won ($55.34 billion), rising from last year's 61.55 trillion won ($63.6 billion), while the basic earnings per share (EPS) increased to stand at 1,391 won ($1.30) from last year's 808 won ($0.79).

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