The South Korean giant Samsung announced its fourth quarter 2012 results with revenues of 56.06 trillion Korean won on a consolidated basis for the quarter, ended December 31, 2012, a 7 percent increase quarter-on-quarter basis. The consolidated operating profit for the quarter was 8.84 trillion won, a 10 percent increase on-quarter, while consolidated net profit for the same quarter was 7.04 trillion won. The full-year 2012operating profit was 29.05 trillion won on revenue of 201.10 trillion won.
“Despite uncertainties in Europe and concerns over the U.S. fiscal cliff creating a difficult business environment, we did our best this quarter to achieve strong earnings based on a strategic focus on differentiated and high value-added products as well as our technological competitiveness,” said Robert Yi, Senior Vice President and Head of Investor Relations. “Heading into this year, we are expecting a slow recovery in the component business due to reduced capital expenditures, while competition in the set business will intensify further as demand slows and the mid- to low-end market expands.”
Financial Results Breakdown:
- Semiconductor Businesses – including Memory and System LSI – posted consolidated 9.59 trillion won in revenue, a 10-percent hike from a quarter earlier. The Memory chip unit accounted for 5.33 trillion won in earnings and with the logic chip unit yielded 1.42 trillion won in operating profits, up 39 percent on-quarter
- The Display Panel Business recorded an operating profit of 1.11 trillion won on revenue of 7.75 trillion won in the fourth quarter. This represented a 5-percent decline in profits compared with the previous quarter but was up from the corresponding quarter of 2011.
- The IT & Mobile Communications – comprised of Mobile Communications, Telecommunication Systems, Digital Imaging and Media Solution Center businesses – posted operating profits of 5.44 trillion won on 31.32 trillion won in revenue for the period. Out of the total IM earnings, the handset-making unit claimed 27.23 trillion won in revenue in the October-December quarter.
- The Consumer Electronics Division – encompassing the Visual Display and Digital Appliances businesses – posted revenue of 13.95 trillion won for the quarter, up 20 percent quarter-on-quarter. The operating profit of 740 billion won amounted to an increase of 87 percent on the previous quarter and an increase on-year.