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Samsung Electronics Forecasts 52.5% Jump In Q4 Profits On Record Sales

International Business Times

Samsung Electronics expects operating profits for the fourth quarter to soar 52.5 percent, the South Korean tech giant said in a statement on Friday, spurred by record sales. The world's biggest smartphone maker forecast 2021 fourth-quarter operating profits at around 13.8 trillion won ($11.5 billion), up from 9.05 trillion won in the same quarter last year. The firm was boosted by record sales in the quarter, estimated at 76 trillion won, up 23.5 percent on-year, according to the statement, which added that the forecast reflected a one-time bonus payment to employees. A spokeswoman told AFP annual sales in 2021 were also expected to be the highest ever. The operating profit estimate was below analysts' estimate of 15.2 trillion won, according to Bloomberg News. "A continued price growth in memory chips that ran three consecutive quarters until October last year has boosted Samsung's profit margins," said Park Sung-soon, an analyst at Cape Investment & Securities.


Samsung reports 28% jump in profit despite supply chain woes

The Japan Times

Seoul – South Korean tech giant Samsung Electronics posted a 28% jump in operating profit on Thursday despite global supply chain challenges caused by the pandemic. The world's top chipmaker saw its operating profit reach 15.8 trillion won ($13.5 billion) for the July-September period, it said in a regulatory filing. Its sales rose 10% on-year to a record 74 trillion won on the back of strong performance from its memory chip division thanks to sustained global demand. "Favorable market conditions continued in the memory market" resulting in "robust sales", the company said in a statement. Operating profits generated from its semiconductor business accounted for over 60% of the total, illustrating the major role the division plays to the sprawling group.


Samsung Forecasts Q1 Operating Profit Up 50.3% Year-on-year

International Business Times

Samsung Electronics expects operating profits for the first quarter to rise 50.3 percent, the South Korean tech giant said in a statement Thursday, despite global supply chain woes. The world's biggest smartphone maker forecast 2022 first-quarter operating profits of about 14.1 trillion won ($11.6 billion), up from 9.4 trillion won in the same quarter last year. Samsung did not provide details on the performance of its various divisions. The company is expected to release its full results on April 28. Analysts said the forecast was likely driven by strong smartphone sales, but warned of an expected drop in profits in the memory chip division.


Samsung Reports 28% Jump In Profit Despite Supply Chain Woes

International Business Times

South Korean tech giant Samsung Electronics posted a 28-percent jump in operating profit on Thursday despite global supply chain challenges caused by the pandemic. The world's top chipmaker saw its operating profit reach 15.8 trillion won ($13.5 billion) for the July-September period, it said in a regulatory filing. Its sales rose 10 percent on-year to a record 74 trillion won on the back of strong performance from its memory chip division thanks to sustained global demand. "Favourable market conditions continued in the memory market" resulting in "robust sales", the company said in a statement. Operating profits generated from its semiconductor business accounted for over 60 percent of the total, illustrating the major role the division plays to the sprawling group.


Samsung Reports 28% Jump In Profit Despite Supply Chain Woes

International Business Times

South Korean tech giant Samsung Electronics posted a 28-percent jump in operating profit on Thursday despite global supply chain challenges caused by the pandemic. The world's top chipmaker saw its operating profit reach 15.8 trillion won ($13.5 billion) for the July-September period, it said in a regulatory filing. Its sales rose 10 percent on-year to a record 74 trillion won on the back of strong performance from its memory chip division thanks to sustained global demand. "Favourable market conditions continued in the memory market" resulting in "robust sales", the company said in a statement. Operating profits generated from its semiconductor business accounted for over 60 percent of the total, illustrating the major role the division plays to the sprawling group.