Samsung Electronics Posts Q3 Operating Profit of KRW 107.4 Trillion, an "All-Time High"; Sets Records for Fourth Straight Quarter
DS Semiconductor Division Alone Posts KRW 106.5 Trillion in Operating Profit
Samsung Electronics posted operating profit of KRW 107.4405 trillion on a consolidated basis in the third quarter of this year, its highest-ever quarterly result. It also set new quarterly records for both revenue and operating profit for the fourth consecutive quarter.
Samsung Electronics announced its third-quarter results in a regulatory filing on Oct. 29. Operating profit rose 783.1% from a year earlier. Third-quarter revenue reached KRW 195.2532 trillion, up 126.9% from the same period last year. Net profit surged 514.6% to KRW 75.1361 trillion.
By business division, the semiconductor business drove the strong results. The Device Solutions (DS) division, which oversees the semiconductor business, posted revenue of KRW 147.1 trillion and operating profit of KRW 106.5 trillion. Semiconductors accounted for most of the company’s total operating profit. In contrast, the Device eXperience (DX) division, which handles finished products such as smartphones and home appliances, posted revenue of KRW 52.1 trillion. However, it recorded an operating loss of about KRW 800 billion, continuing the loss from the previous quarter.
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Subsidiaries and affiliates also remained profitable. Harman, a subsidiary specializing in automotive electronics and audio, posted revenue of KRW 4.3 trillion and operating profit of KRW 600 billion. Samsung Display, which supplies display panels, recorded revenue of KRW 8 trillion and operating profit of KRW 1.1 trillion.
Samsung Electronics' headquarters in Yeongtong-gu, Suwon, Gyeonggi Province. Yonhap News
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