South Korea:Samsung Electronics,3Q declined in sales profits: sluggish semiconductor business
Seoul
November 11, 2019
Korea: Samsung Electronics (see table)
On October 31, the company announced its results for the third quarter of 2019 (July to September) (consolidated basis).
Sales: Down 5.3% year on year, 62 trillion won (5,582,800 million yen, 1 won = 0.094 yen),
Operating income: 7,780 billion won, down 55.7% year on year.
The company
Strong sales of smartphones
On the other hand, memory business conditions continued to be sluggish.
He explained that both sales and operating profit decreased compared to the same period last year.
◇ DS (Device Solutions) Division
Sales: 23.4% down from the same period last year, 26,640 billion won,
Operating income: 42.4 trillion won, down 70.9% year-on-year.
Main semiconductor business:
While the business conditions are sluggish, prices continue to fall.
Sales: 17,590 billion won,
Operating profit: 3,500 billion won.
Display panel business:
The large display did not shake due to oversupply or falling selling prices.
Due to the improved utilization rate and productivity of small and medium-sized displays, net sales were 9,260 billion won and operating income was 1,170 billion won.
-JETRO
https://www.jetro.go.jp/biznews/2019/11/f2f0b625b8205e55.html