Revenue for the period rose 18 percent to a record 279.605 trillion won ($233.4 billion), while operating profit was 51.634 trillion won ($43 billion), up 43 percent from a year earlier.
The company’s fourth-quarter net profit rose 1.6 times to 10.643 trillion won ($9 billion) and revenue rose 24% to a record 76.566 trillion won ($64 billion). Operating profit reached 13.867 trillion won ($11.6 billion), up 1.5 times from a year ago.
The revenue growth in the quarter was mainly due to results in finished goods and higher sales of high-end smartphones as well as TVs and home appliances, the release said. Including the operating profit of the company’s mobile business for the quarter rose 10% year-on-year to 2.66 trillion won ($2.2 billion). Sales in the mobile division rose 30% year-on-year to 28.95 trillion won ($24.2 billion).
The company expects market uncertainty to persist in the start of the year. The company’s shares are now down 2.2%.
source: reuters.com
