Samsung Electronics Q4 Operating Profit 6.5 Trillion...29% compared to the previous year ↓

Samsung Electronics' operating profit was nearly 30% lower than the previous quarter in the fourth quarter of last year.

Through the Financial Supervisory Service's electronic disclosure system today (8th), Samsung Electronics tentatively announced that its operating profit in the fourth quarter of last year was KRW 6.5 trillion, down 29% from the third quarter.

Sales also fell more than 5% compared to the third quarter to 75 trillion won.

However, compared to the same period last year, operating profit increased by 130% and sales increased by more than 10%.

Earlier, securities firms predicted Samsung Electronics' operating profit to reach 7 trillion won, more than 1 trillion won lower than previous expectations, citing slowing mobile business, oversupply of legacy memory and falling operation rate of semiconductor consignment production "foundry," which is even lower than this.

Samsung Electronics' overall operating profit last year was 32.73 trillion won, up 398% year-on-year.