Samsung Electronics, a KOSPI-listed company, announced today (31st) that its consolidated operating profit for the year was 43,376.6 billion won, a 15.99% decrease from the previous year.
Sales increased by 8.09% year-on-year to KRW 302.23 trillion.
Net profit increased by 39.46% to KRW 55.6541 trillion.
Operating profit in the fourth quarter of last year was KRW 4.361 trillion, down 68.95% from the same period last year.
Sales and net profit for the quarter were KRW 70,464.6 billion and KRW 23,841.5 billion, respectively.
Operating profit for the fourth quarter was 18.6% below the market forecast of KRW 5.2913 trillion compiled by Yonhap Infomax.