Thursday, 28 January 2021

Samsung reports yearly profit increase despite COVID-19 pandemic

Samsung has just announced its financial results for the fourth quarter of 2020 and the full fiscal year, and the numbers look impressive for both periods. The company saw a 26% increase in profit just for the October-December period, compared with the same three months in 2019, while sales increased ever so slightly - just under 3%. Samsung has also recorded a nearly 30% increase in profit for the whole pandemic-disrupted calendar year, while sales improved by KRW6 trillion ($5.36 billion) on a yearly basis, but a quarter of the gains (approximately KRW1.4 trillion/$1.2 billion) were...

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Author: via Bestsoftpro

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