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Samsung Electronics profits in 2020 at US$ 33 bil.; LG Electronics records all-time high revenue…

Samsung Electronic devices profits in 2020 at US$ 33 bil.; LG Electronic devices records all-time high revenue for 2020
삼성전자 작년 영업이익 36조원 육박 … LG전자 작년 매출 – 영업이익 사상 최대

Both large South Korean tech titans, Samsung Electronics and also LG Electronics have actually launched their preliminary profits for 2020, revealing a rise in both revenues as well as profits.
For Samsung, it was screen panels, TVs and tablet computer gadgets.
For LG the increase came from home appliances.
Bae Eun-ji reports.
South Korean tech giant Samsung Electronics performed sturdily in 2014.
The firm introduced Friday that its operating benefit from 2020 are approximated to be around 33 billion U.S. bucks, … up 29-point-5 percent contrasted to the previous year.
Yearly profits stood at 215-point-9 billion U.S. bucks … noting the 3rd greatest following 2017 and 2018.
Due to the fact that of the pandemic, this was mostly due to price increases to display panels and high need for tablet PCs and also TVs … as more individuals stayed house.
Samsung additionally said its 4th quarter profit for in 2015 is forecasted to be up 25-point-7 percent on-year.
This is less than the 3rd quarter’s numbers … as the price of semiconductors fell as well as the dollar compromised versus the Korean won, … yet more than that of the very same period the previous year.
Solid figures are anticipated for the initial quarter of this year.
” The cost of semiconductors dropped throughout the 4th quarter of 2020. It began to rebound in December, and also this is expected to continue in January and also February of this year as well, … so sales are expected to grow in 2021.”
An additional of the nation’s tech giants, LG Electronics, reported on Friday that its annual operating earnings for 2020 are expected to reach an all-time high, … at over 3 trillion Korean won, or approximately 2-point-7 billion U.S. dollars.
When it comes to the fourth quarter of in 2015, the company estimates revenues to enhance by even more than 500-percent, … standing at almost 600 million U.S. bucks.
This is the highest 4th quarter numbers that the firm has actually seen until now.
The record-high numbers are attributed to an increase sought after for home devices such as heavy steam apparel care systems as well as washing makers.
The full incomes of both business are to be released later this month.
Bae Eun-ji, Arirang News.

#Samsung #LG #profit

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2021-01-08, 17:00 (KST).

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