Seoul: Samsung Electronics Co. on Thursday estimated its fourth-quarter operating earnings to have reached 20 trillion won (US$13.8 billion), reflecting a 208.2 percent increase from the previous year. This marks a significant milestone, as it would be the first time the company’s quarterly earnings hit the 20 trillion-won mark.
According to Yonhap News Agency, sales for the quarter rose 22.7 percent year-on-year to 93 trillion won. However, data concerning net profit was not available at this time. The reported operating profit was 1.8 percent higher than the average estimate derived from a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Samsung Electronics plans to release its final earnings report later, which will provide further insights into the financial performance of the company during this period.