July 21, 2000 in Social Responsibility News

SAMSUNG Expects Record-Breaking Sales and Profit Figures This Year

SEOUL, Korea #July 21, 2000 #Samsung Electronics Co., Ltd. today announced its financial results for the first half of 2000 #ended June 30, 2000. This year total sales increased by 37% from the same period in 1999 to reach W16.4 trillion. Pretax income was at W4.3 trillion, up 134% from the same period last year and net income was at W3.2 trillion, an increase of 137%.

This year# figures are the highest ever recorded. In particular, net income from the first half of this year exceeds the W3.17 trillion reported in net income for the entire year of 1999. Samsung achieved net income to sales ratio of 19.4% and the financial structure of the company continues to improve as liability-to-equity ratio declined to 70% and net worth to total capital ratio increased to 59%.

An interim cash dividend of 10-percent will be awarded to both preferred and common shareholders.

Samsung Electronics was able to record such impressive figures because of the turn-around of all its main business groups. The Digital Media System and Home Appliances, Semiconductor, and Information and Communication Businesses comprised 39%, 36% and 25%, respectively, of total sales. These results show that the company has achieved its aim in developing a stable and diverse business structure.
Samsung has raised this year# sales estimates to W32 trillion and the company expects to record its best ever profit figures.

About Samsung Electronics
Samsung Electronics Co., Ltd., with 1999 sales revenue of US$22.8 billion is a world leader in the electronics industry. The Korea-based concern has operations in about 50 countries with 54,000 employees worldwide. The company consists of three main business units: Digital Media, Semiconductors and Information & Communications Businesses. For more information, please visit our website, http://www.samsungelectronics.com


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