Samsung Electronics Posts Record Q3 Operating Profit of KRW 107.4 Trillion
IT DAILY ·
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Samsung Electronics announced preliminary results for the third quarter of this year on the 8th.
Consolidated revenue came to KRW 195 trillion and consolidated operating profit came to KRW 107.4 trillion.
Sales and operating profit by business division, as well as specific factors behind changes in performance, were not included and are expected to be disclosed at the finalized earnings release and conference call later this month.
Samsung Electronics announced preliminary results for the third quarter of this year on the 8th. According to the preliminary results released by Samsung Electronics for the third quarter of this year, consolidated revenue came to KRW 195 trillion and consolidated operating profit came to KRW 107.4 trillion.
In these preliminary results, both revenue and operating profit rose sharply from a year earlier. Revenue increased 126.59% year over year, while operating profit jumped 782.50% year over year.
In particular, operating profit growth outpaced revenue growth. A defining feature of these results is that profit grew faster than revenue, with the operating profit growth rate 6.31 percentage points higher than the revenue growth rate from the previous quarter.
This trend translated into expansion in scale and improved profitability. Based on the preliminary results, the operating margin was 55.1%, revenue was about 2.27 times higher than a year earlier, and operating profit was about 8.83 times higher than a year earlier.
As a result, third-quarter operating profit surpassed the previous quarterly record set in the second quarter of this year. Samsung Electronics also became the first domestic company to exceed KRW 100 trillion in quarterly operating profit.
One possible backdrop to Samsung Electronics' earnings improvement was cited as increased investment in AI infrastructure, with the possibility that demand for semiconductors such as HBM rose accordingly. Future growth is expected to hinge on demand for memory for AI and the ability to respond to supply.
However, this announcement did not include sales or operating profit by business division, or specific factors behind changes in performance. In addition, the businesses that contributed to the overall profit increase, changes in the sales mix by business, and changes in business profitability are expected to be disclosed at the finalized earnings release and conference call later this month.
Source: IT DAILY · Lee Jae-young
Original: https://www.itdaily.kr/news/articleView.html?idxno=242074
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Source: IT DAILY
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