Published on January 31st, 2018 | by The GC Team0
Components business drives Samsung earnings
Samsung Electronics today posted KRW 65.98 trillion in consolidated revenue and KRW 15.15 trillion in operating profit for the fourth quarter of 2017.
Full-year revenue totalled KRW 239.58 trillion with an operating profit of KRW 53.65 trillion.
Samsung said that fourth quarter earnings were driven by the components business, but the Display Panel business, which manufactures OLED and LCD screens, saw increased shipments of OLED panels for premium smartphones. Profitability for LCD panels, however, decreased due to weak seasonality.
The Consumer Electronics Division, including the Visual Display and Digital Appliances businesses, posted KRW 12.72 trillion in consolidated revenue and KRW 0.51 trillion in operating profit for the fourth quarter.
For the CE Division in the coming year, the manufacturer said sales of ultra large-size TVs will continue to grow as the global market gears up for major international sporting events, including the FIFA World Cup and Winter Olympics. The Digital Appliances Business is expected to improve earnings by expanding its B2B business and online sales.