Samsung CandT’s Fourth-Quarter Net Profit Declines by 14.2%

SEOUL — In its latest financial report, Samsung CandT Corp. revealed a 14.2 percent decrease in its net profit for the fourth quarter, amounting to 571.3 billion won (US$428.1 million). The company's regulatory filing on Wednesday highlighted a modest drop in operating income for the October-December period by 1.1 percent year-on-year to 627 billion won. Furthermore, sales during the quarter fell by 5.1 percent to 10.09 trillion won.

According to Yonhap News Agency, This financial outcome marks a downturn from the previous year's performance, reflecting the challenges faced by the company in the closing quarter of 2023.

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