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Samsung’s quarterly operating profit significantly higher than last year

Photo: ANP

Due to good sales figures and a recovering market for memory chips, Samsung Electronics will achieve an operating profit of 13.8 trillion won in the last quarter of 2021, converted more than 10 billion euros. That is more than 50 percent more than in the same period a year earlier.

However, operating profit fell short of experts’ expectations, which were estimated at 15.2 trillion won. The turnover of South Korea’s largest company rose faster than expected in the last quarter of last year, by 23 percent to 76 trillion won (almost 56 billion euros).

Shares of the company rose by 2 percent in value on the stock exchange in Seoul after the figures were published.



Samsung’s quarterly operating profit significantly higher than last year
Source link Samsung’s quarterly operating profit significantly higher than last year

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