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Samsung: smartworking drives demand, operating profit + 25%

2021-01-08T15:55:38.784Z


First estimates announced for the fourth quarter, + 7% on the stock market (ANSA) Samsung Electronics announced a more than 25% jump in operating profit in the fourth quarter of the year. Driving profits was the smart working imposed globally by the Covid pandemic, which drove the demand for devices powered by chips produced by the South Korean tech giant. The first estimates for the period October-December indicate an operating profit of 9 trillion won (8.23 billion dollars) c


Samsung Electronics announced a more than 25% jump in operating profit in the fourth quarter of the year.

Driving profits was the smart working imposed globally by the Covid pandemic, which drove the demand for devices powered by chips produced by the South Korean tech giant.

The first estimates for the period October-December indicate an operating profit of 9 trillion won (8.23 billion dollars) compared to 7.16 trillion won the previous year.

This is a result slightly lower than analysts' forecasts of 9.34 trillion won, but the Samsung stock has nevertheless reacted positively on the stock market, closing at + 7.12% in Seoul.


Source: ansa

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