November 02, 2000 in Social Responsibility News

SAMSUNG Electronics Announces Its Best 3Q Results

SEOUL, Korea October 23, 2000 Samsung Electronics Co., Ltd. today announced its financial results for the third quarter of 2000 at a corporate presentation for investors. Vice Chairman and CEO Jong-Yong Yun, President and CEO of the Semiconductor Business Y. W. Lee, Executive Vice President and CFO Doh-Seok Choi and members of Samsung's top management were in attendance. Samsung recorded a combined total sales, pretax income and net income of W25.2 trillion, W6.7 trillion and W4.9 trillion, respectively, for the first three quarters of this year. Compared to the figures from 1999, the company increased sales, pretax income and net income by 36% (W18.5 trillion), 148% (W2.7 trillion) and 145% (W2 trillion). In just the third-quarter, total sales equaled W8.8 trillion, pretax income totaled W2.3 trillion and net income reached W1.7 trillion. By business, the memory business recorded sales of W6.3 trillion, which makes up 25% of total sales, the TFT-LCD business contributed 8% to total sales at W2.1 trillion, and System LSI business grew to W1.2 trillion to make up 5% of sales in the first nine months of 2000. In other areas, the Information and Communications business contributed 22% to sales with total sales of W5.6 trillion, sales of the Digital Media System business reached W7.2 trillion to make up 29% of total sales and the Home Appliances business recorded sales of W2.2 trillion, contributing 9% to total sales. 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://samsungelectronics.com


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