April 23, 2001 in Social Responsibility News

SAMSUNG Records Sales of KRW8.6 Trillion and Before-Tax Profit of KRW1.55 Trillion

SEOUL, Korea - April 23, 2001 - Samsung Electronics Co., Ltd. today announced its earnings results for the first quarter of 2001. At the presentation, Samsung Electronics announced that it had achieved total consolidated sales and before-tax profits of KRW10.9 trillion and KRW1.7 trillion, respectively, and that the parent company had recorded sales of KRW8.6 trillion and pretax profit of KRW1.55 trillion.

Impacted by the decline in growth of the world economy, Samsung Electronics sales decreased by 5.5% from 2000 fourth-quarter's KRW9.1 trillion to KRW8.6 trillion. However, operating profits increased 10.2% during the same period from KRW1.46 trillion to KRW1.61 trillion. Operating profit margin for the first-quarter was 19%.

In regards to the individual businesses, the Semiconductor Business recorded sales of KRW3 trillion, where the memory, TFT-LCD and System LSI divisions recorded sales of KRW2 trillion, KRW500 billion and KRW470 billion, respectively. As a result, the Semiconductor Business contributed 35% to total sales.

The Information and Communication Business contributed 22% to sales with total sales of KRW1.9 trillion. Sales of the Digital Media Business reached KRW2.5 trillion to make up 29% of total sales and the Home Appliances Business recorded sales of W790 billion, contributing 9% to total sales.

The division of operating income by business is as follows. Semiconductor Business recorded operating income of KRW1.03 trillion for a profit margin of 35%. The Information & Communication Business was able to record operating income of KRW230 billion for a profit margin of 12%. The Digital Media Business and the Home Appliances Business recorded operating profits of KRW210 billion (8% profit margin) and KRW120 billion (15% profit margin), respectively.

Total assets of the company increased 4% from 26.9 trillion at the end of December to 27.8 trillion won. Liability decreased 5% from 10.7 trillion to 10.2 trillion. Capital increased 9% from 16.2 trillion to 17.7 trillion. Liability-to-equity decreased 9% from 66% to 57%.

In regards to capital expenditure, Samsung Electronics has stated that it will re-evaluate investment according to market conditions. Today, the company announced that it has re-adjusted its 2001 capital expenditure from 7.3 trillion won to 6.1 trillion. The decreased 1.2 trillion won is all related to investments in the semiconductor business.

About Samsung Electronics
Samsung Electronics Co., Ltd., with 2000 sales revenue of $27 billion is a world leader in the electronics industry. The Korea-based concern has operations in about 50 countries with 66,000 employees worldwide. The company consists of four main business units: Digital Media, Semiconductor, Information & Communication and Home Appliances Businesses. For more information, please visit our website, http://samsungelectronics.com

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