Operating profit plunged 30% in the third quarter due to the deterioration of the memory semiconductor industry, which is the mainstay of Samsung Electronics.
In the market, it was evaluated that it recorded an 'earnings shock', which means 'shock of performance deterioration'.
Samsung Electronics announced today (27th) that its operating profit for the third quarter of this year was 10.85 trillion won, down 31.39% from the same period last year.
It is the first time in about three years since the fourth quarter of 2019 that it recorded negative growth compared to the previous quarter.
Sales were 7,781.7 billion won, an increase of 3.79% compared to the same period last year, which is the highest in the third quarter and is expected to record the highest annual sales following last year.
After exceeding 70 trillion won in quarterly sales for the first time in the third quarter of last year, Samsung Electronics continued its record high sales for three consecutive quarters until the first quarter of this year.
Although it decreased slightly to 77.2 trillion won in the second quarter, it was the highest on a quarterly basis.
However, net profit decreased by 23.62% to KRW 9,389.2 billion.
This performance is similar to the provisional results announced by Samsung Electronics on the 7th, including sales of 76 trillion won and operating profit of 10.8 trillion won.
Memory semiconductors, which were the mainstay of earnings, were sluggish, and demand for finished products shrank as the COVID-19 special disappeared.
(Photo = Yonhap News)