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Samsung's fourth-quarter net profit of $8.86 billion increased 65% year-over-year

via:凤凰网科技     time:2022/1/27 9:05:45     readed:166

三星

Samsung

On January 27, Beijing time, Samsung Electronics (KRX: 005930) today released its financial results for the fourth quarter and full year of fiscal 2021 as of December 31. According to the financial report, Samsung's fourth-quarter revenue was 76.57 trillion won (about $63.762 billion), up 24.39% from 61.55 trillion won in the same period last year; and the net profit attributable to shareholders of Samsung's parent company was 10.64 trillion won (about $8.863 billion), up 65.13% from 6.45 trillion won in the same period last year.

Samsung recorded revenue for four consecutive quarters, but net profit fell slightly short of analysts' consensus expectations, with shares down less than 1 percent in early trading on Thursday.

Stock Price Performance:

三星股价早盘下跌0.55%

Samsung shares fell 0.55% in early trading

Samsung opened at 73,800 won on the South Korean exchange today. As of 9:14 a.m. Seoul time on Thursday (8:14 a.m. Beijing time on Thursday), Samsung shares fell 400 won, or 0.55 percent, to 72,900 won in morning trading. Over the past 52 weeks, Samsung's stock price has peaked at 87,700 won and as low as 68,300 won.

Fourth Quarter Results Highlights:

Revenue was KRW 76.57 trillion (US$63.762 billion), up 24.39% from KRW 61.55 trillion in the year-ago quarter and up 3.50% from KRW 73.98 trillion in the third quarter.

Operating profit was KRW 13.87 trillion (US$11.548 billion), up 53.28% from KRW 9.05 trillion in the same period last year and down 12.33% from KRW 15.82 trillion in the third quarter.

Net profit before tax from sustainable operating businesses was KRW 14.36 trillion (US$11.961 billion), up 60.04% from KRW 8.97 trillion in the year-ago quarter and down 12.18% from KRW 16.36 trillion in the third quarter.

Net profit was KRW 10.84 trillion (US$9.026 billion), up 64.04% from KRW 6.61 trillion in the year-ago quarter and down 11.84% from KRW 12.29 trillion in the third quarter.

Net profit attributable to shareholders of Samsung's parent company was KRW 10.64 trillion (US$8.863 billion), up 65.13% from KRW 6.45 trillion in the year-ago quarter and down 11.73% from KRW 12.06 trillion in the third quarter.

Department Performance:

Mobile Experience (MX) and Networks divisions had fourth-quarter consolidated revenue of KRW 28.95 trillion (US$24.109 billion) and operating profit of 2.66 trillion won (US$2.215 billion);

Semiconductor division's fourth-quarter consolidated revenue was KRW 26.01 trillion (US$21.660 billion) and operating profit was KRW 8.84 trillion (US$7.362 billion);

Consolidated revenue for the fourth quarter of the Consumer Electronics Division was KRW 15.35 trillion (US$12.783 billion) and operating profit was 0.7 trillion won (US$583 million);

In the fourth quarter, the display panel division had sales of 9.06 trillion won (US$7.545 billion) and operating profit of 1.32 trillion won (US$1.099 billion).

Key points of 2021 annual results:

Revenue was KRW 279.60 trillion (US$232.848 billion), up 18.07% from KRW 236.81 trillion in 2020.

Operating profit was KRW 51.63 trillion (US$42.999 billion), up 43.45% from KRW 35.99 trillion in 2020.

Net profit attributable to the parent company was KRW 39.24 trillion (US$32.681 billion), up 50.41% from KRW 26.09 trillion in 2020;

Capital expenditure in 2021 was 48.2 trillion won (about 40.140 billion US dollars), of which the capital expenditure of the semiconductor business was 43.6 trillion won and the capital expenditure of the display panel business was 2.6 trillion won.

prospect:

Samsung said on Thursday that global demand for technology equipment will recover in 2022, but warned that it will still face supply chain problems and the ongoing challenges of the COVID-19 pandemic. (Author/Zhenyu)

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