Samsung has reported its earnings for Q4 2019 and the whole of 2019 that ended December 31, 2019. In Q4 2019 the company has made operating profit of 7.16 trillion won, down 33.7% YoY. This is due to continued fall in memory chip prices and weakness in display panels. "Improving demand for memory used in servers and mobile products, as well as solid sales of flagship smartphones, helped ease the decline in overall earnings, said the company. It has reported revenue of 59.88 trillion won, up 1.02% YoY from 59.27 trillion won last year. For the whole of 2019 it has posted operating profit of 27.77 trillion won, down 52.8% compared to 2018 on revenue of 230.40 trillion won, up 1.02% YoY from 243.77 trillion won in 2018. IM sector that includes Mobile Communications and Networks Businesses posted 24.95 trillion won consolidated revenue, up 6.98% YoY and 2.92 trillion won operating profit for the quarter, up 66.88%. For the whole of 2019 it has posted 9.27 trillion won operating profit, down 8.84% YoY on revenue of 107.27 trillion won, up 6.54% compared to 2018. Quarterly earnings improved significantly for the Mobile Business in annual terms, thanks to solid sales of flagship Galaxy ...
Wednesday, 29 January 2020
Samsung’s 2019 profits down 52.8% YoY, mobile profits down 8.8% YoY
Samsung has reported its earnings for Q4 2019 and the whole of 2019 that ended December 31, 2019. In Q4 2019 the company has made operating profit of 7.16 trillion won, down 33.7% YoY. This is due to continued fall in memory chip prices and weakness in display panels. "Improving demand for memory used in servers and mobile products, as well as solid sales of flagship smartphones, helped ease the decline in overall earnings, said the company. It has reported revenue of 59.88 trillion won, up 1.02% YoY from 59.27 trillion won last year. For the whole of 2019 it has posted operating profit of 27.77 trillion won, down 52.8% compared to 2018 on revenue of 230.40 trillion won, up 1.02% YoY from 243.77 trillion won in 2018. IM sector that includes Mobile Communications and Networks Businesses posted 24.95 trillion won consolidated revenue, up 6.98% YoY and 2.92 trillion won operating profit for the quarter, up 66.88%. For the whole of 2019 it has posted 9.27 trillion won operating profit, down 8.84% YoY on revenue of 107.27 trillion won, up 6.54% compared to 2018. Quarterly earnings improved significantly for the Mobile Business in annual terms, thanks to solid sales of flagship Galaxy ...
