Samsung Electronics Co. Ltd. reported fourth-quarter FY21 revenue growth of 24 percent year-on-year to $63 billion (KRW 76.57 trillion).
Finished product businesses, with expanded sales of premium smartphones, TVs, and, home appliances, drove the growth.
The operating profit increased 53.3 percent Y/Y to $11.4 billion (KRW 13.87 trillion), driven by the semiconductor businesses.
The Display Panel Business posted $7.5 billion (KRW 9.06 trillion), ($8.2 billion (KRW 9.96 trillion last year)) in consolidated revenue and $1.09 billion (KRW 1.32 trillion), ($1.45 billion(KRW 1.75 trillion)) in operating profit.
The MX and Networks Businesses posted $24.08 billion (KRW 28.95 trillion) in consolidated revenue and $2.2 billion (KRW 2.66 trillion) in operating profit
The CE businesses recorded $12.7 billion (KRW 15.35 trillion), ($11.3 billion (KRW 13.61 trillion)) in consolidated revenue and $58 million (KRW 0.7 trillion), ($68 million (KRW 0.82 trillion)) in operating profit.
In 2022, the Memory Business expects server demand to grow, attributed to increasing IT investments, and new high-core CPUs.
In 2022, the System LSI Business hopes to see its performance grow further by maximizing the supply of 5G SoCs for the volume zone and 108- and 200-megapixel sensors.
In 2022, solid demand for OLED is likely to continue despite macro environment-related risks, based on the rising penetration of 5G and growth of the foldable market.
By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.
