Sat, 25 Mar 2023

SEOUL, Jan. 31 (Xinhua) -- South Korea's tech behemoth Samsung Electronics logged a double-digit fall in operating profit last year despite a record revenue, the company said Tuesday.

Consolidated operating profit declined 15.99 percent over the year to 43.38 trillion won (35.2 billion U.S. dollars) in 2022.

Revenue gained 8.09 percent to reach a new high of 302.23 trillion won (245.4 billion dollars), and net income grew 39.46 percent to 55.65 trillion won (45.2 billion dollars).

During the October-December quarter, the consolidated operating profit tumbled 68.95 percent to 4.31 trillion won (3.5 billion dollars) compared to the same quarter of 2021.

The fourth-quarter revenue shed 7.97 percent to 70.46 trillion won (57.2 billion dollars), but net income more than doubled to 23.84 trillion won (19.4 billion dollars).

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