Samsung Electronics’ operating profit for last year was tentatively tallied at KRW 43,601.1 billion, up 33.2% from a year earlier.

Samsung Electronics announced on the 29th that revenue increased 10.9% year-on-year to KRW 333,605.9 billion, and net profit rose 31.2% to KRW 45,206.8 billion. This is the first time annual revenue has exceeded KRW 330,000 billion, marking an all-time record high.

In particular, the “V-shaped rebound” of the semiconductor business was confirmed in the operating profit for the fourth quarter of last year (October–December), which was released on the same day. Samsung Electronics stated that fourth-quarter revenue rose 23.8% from a year earlier to KRW 93,837.4 billion, while operating profit surged 209.2% to KRW 20,073.7 billion.

Revenue from the core semiconductor business grew 46.2% over the same period to KRW 44,000 billion, and operating profit increased 465% to KRW 16,400 billion. Samsung Electronics explained, “Memory recorded the highest-ever quarterly revenue and operating profit as it actively responded to strong demand for standard DRAM and expanded HBM sales.”

This fourth-quarter performance represents the largest-ever quarterly figures for both revenue and operating profit. In particular, operating profit exceeded the previous memory supercycle peak of the third quarter of 2018 (KRW 17,570 billion) by nearly KRW 3,000 billion.

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