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Despite the financial after effects from COVID-19, South Korea’s Samsung Electronics and also Naver performed strongly throughout 2020.
Solid need for memory chips was key to Samsung’s success, while the portal site Naver mainly enjoyed the benefit of more individuals staying within.
Kim Sung-min records.
South Korean tech titans, Samsung Electronics and also Naver on Thursday both posted sharp increases in earnings for 2020.
Samsung Electronics has approximated in 2015’s operating revenues to be the fourth-largest on record, … at around 32-point-5 billion U.S. dollars.
That is a dive of nearly 30 percent from the previous year, … despite the economic reaction from COVID-19.
Sales edged up simply reluctant of 3 percent, … amounting to some 213-billion bucks.
In the 4th quarter of last year, Samsung uploaded an on-year jump of 26 percent in operating profits, … though it was smaller sized than the previous quarter, … when the company racked up record quarterly profits of 11 billion dollars.
Analysts claim that regardless of strong memory chip sales as well as display earnings, … lower chip prices and also a weak U.S. dollar might have dragged down the business’s fourth-quarter revenues.
Samsung says its overall earnings will certainly compromise in the initial quarter of 2021 because of unfavorable currency activities along with the expense of brand-new manufacturing lines.
At The Same Time, South Korea’s leading net site operator Naver saw its sales in 2020 rise greater than 21 percent on the back of the non-contact fad in the middle of the coronavirus pandemic.
Its operating profits likewise jumped 5 percent to 1-point-1 billion dollars.
This was greatly as a result of record-breaking profits in the fourth quarter of in 2015, … thanks to solid growth in its online-payment, web content and also shopping services.
Driven mostly by its search system, cloud, and fin-tech fields, … Naver’s Q4 sales in 2020 leapt around 28 percent, … while operating revenues bordered up greater than 17 percent.
Components sales also saw a 21 percent rise as Korean webtoons increased internationally.
Kim Sung-min, Arirang News
#Samsung _ Electronics #Naver #operating _ profit.
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2021-01-28, 12:00 (KST).