Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Samsung Electronics Releases Q4 Earnings
Jan 16, 2004
 Printable format
 Email this Article
 Search

Samsung Electronics has announced its revenue and income results for the fourth quarter. Revenue reached 12.89 trillion won (approx. U.S. $10.9 million), while operating income and net income were 2.63 trillion won and 1.86 trillion won, respectively, for the quarter.

The company said revenue and operating income for the fourth quarter were both new records. Revenue was up 14.4 percent from the previous quarter, and operating income increased 20.8 percent from the previous record, which was set in the third quarter of 2000.

Quarter on quarter, operating income and the net income increased by 27.9 and 1.1 percent, respectively. The figures also represent significantly improved year-on-year performance. Operating income surged 63.4 percent from the fourth quarter of 2002, while revenue and net income also improved by 21.7 and 24 percent, respectively, year on year.

The fiscal year 2003 totals were 43.58 trillion won in revenue, 7.19 trillion won in operating income, and 5.96 trillion won in net income. Along with the record-breaking revenue, operating income and net income were outstanding, with both approaching records set in 2000 and 2002, the electronics company reported.

Revenues for each of Samsung Electronics' four main business units -- the Device Solution (DS) Network, Telecommunication (TN) Network, Digital Media (DM) Network, and Digital Appliance Network -- all increased quarter on quarter by 23.3 percent, 5.4 percent, 14 percent, and 11.2 percent, respectively.

The memory and TFT-LCD divisions turned in particularly notable performances. Explosive growth in flash memory demand fueled an 18-percent quarterly increase in revenue for the Memory Division to reach 3.02 trillion won. The performance for the TFT-LCD division was even more impressive with a 42 percent quarter-on-quarter growth in revenue to total 1.96 trillion won. The combined operating income for the Device Solution Network business, which includes the Memory, TFT-LCD, and System LSI Divisions, exceeded 2.02 trillion won for the first time. The operating margin was at 34.5 percent.

In the Telecommunication Network Business, the company said robust demand for high-end handsets with camera and camcorder capabilities drove revenue to a new quarterly record of 3.9 trillion won. The number of units shipped in the fourth quarter, 16 million, was also a new record. Operating margin was 18.5 percent.

The company said that relatively weak performance of the Digital Media business is expected to improve as demand for flat-panel, high-definition, and digital TVs starts to gain momentum.

Back to Daily News

 

Daily News

...........................................................

Sep 12, 2014: AHRI Suggests Changes to EPA on Proposed SNAP Amendment

Sep 12, 2014: Consumer Confidence Index Up in August

Sep 12, 2014: August 2014 Housing Starts in Canada

Sep 11, 2014: Middleby Acquires Commercial Coffee Machine Producer Concordia

Sep 11, 2014: Electrolux Again Ranked Industry Leader in the Dow Jones Sustainability World Index

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows