February 29, 1996 in Social Responsibility News

SAMSUNG Electronics Posts 165% Rise in 1995 Net Profit

Net profits increased 165%, to 2.5 trillion won (US$3.2 billion), compared with a profit of 945 billion won (US$1.2 billion) a year earlier. Remarkably, net profits came to 15.5% of total sales, a figure that is one of the highest one in the industry. Earnings per share in 1995 was a phenomenal 39,180 won.

Samsung Electronics?record high sales and profits can be mainly attributed to an increase in the amount of memory installed in electronics and computers in 1995. Revenue increases were also achieved from considerable growth in global telecommunications systems sales and increased consumer electronics sales in Korea.

By sales divisions the last year? sales can be broke down the following way: Consumer electronics recorded sales of 4.5 trillion won and telecommunications division reached 2.8 trillion won. Most impressive, however, was the semiconductor and computer division which recorded sales of 8.9 trillion won, an increase of 66% compared to the previous year.

Furthermore, exports last year came to US$14.6 billion making Samsung Electronics the largest exporter in Korea. Accordingly, Samsung Electronics accounted for 12% of total Korean exports (US$125 billion in 1995).

Samsung Electronics Co., Ltd., headquartered in Seoul, is a world leader in the electronics sector, with operations in more than 60 countries. The company develops, manufactures, and markets audio and video products, household electronics goods, computers & peripheral products, display products, telecommunication & information systems, software tools & semiconductors. Samsung Electronics employs over 70,000 people worldwide.


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