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Samsung Electronics also breaks through the corona crisis.. 2020 operating profit of 35.95 trillion won -Reporter Jeong Min-woo
In the fourth quarter of 2020, on a consolidated basis, sales of 61 trillion won and operating profit of 9 trillio
n won
Samsung Electronics announced on the 8th that its annual sales in 2020 were 236.26 trillion won and its operating profit was 35.9 trillion won.
Sales increased by 2.54% from 23 trillion won in the previous year, and operating profit also increased by 29.46% from 27 trillion won in the previous year.
In the fourth quarter, on a consolidated basis, sales of 61 trillion won and operating profit of 9 trillion won were recorded. Compared to the previous year, sales decreased by 8.9% and operating profit decreased by 27.13%, but compared to the same period of the previous year, sales increased by 1.87% and operating profit by 25.7%.
The provisional results are estimated based on the International Financial Reporting Standards (IFRS) adopted by Korea, and are provided to help investors with convenience while the settlement of accounts has not yet been completed.
Meanwhile, Samsung Electronics provided quarterly earnings estimates for the first time in Korea from July 2009, and applied IFRS in 2010 to provide information based on global standards, allowing investors to more accurately predict earnings and make judgments on corporate value. The value of shareholders has been improved by making it possible.