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WEEKLY
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| Samsung revenues jump 18.5pc |
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Saturday, November 07, 2009
By our correspondent
KARACHI: Samsung Electronics Co Ltd has announced consolidated global revenues of 35.87 trillion Korean won (US$29 billion) in the third quarter ended September 30, 2009. This represents an 18.5 per cent year-on-year (YOY) increase.
Consolidated operating profit for the third quarter was 4.23 trillion won, a 185.8 per cent increase year-on-year. Income before income tax reached 4.62 trillion won, around $3.8 billion, a press release said.
Amid improving global consumer sentiment, Samsung recorded strong results across both major business units, namely device solutions (memory chips, LCD panels, etc) and digital media/communications (mobile phones, flat panel TVs, etc), which supported a sustained profit recovery and enhanced market share during the said period.
Vice President and Head of Samsung Electronics’ Investor Relations Team Robert Yi said: “Samsung achieved an outstanding operating profit in the third quarter, with our components and product set businesses performing strongly in tandem. We forecast a solid fourth quarter supported by seasonal demand for consumer electronics.”
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ISSN 1563-9479 
