Samsung and LG Electronics, who shined in crisis, continue to perform well this year

On the 29th, when Samsung Electronics announced its final results for the third quarter, employees are entering and leaving the Samsung Electronics office building in Seocho-gu, Seoul. Despite the re-proliferation of the new coronavirus infection (Corona 19), Samsung Electronics achieved a new record with sales approaching 67 trillion won in the third quarter of this year. Operating profit also exceeded 10 trillion won in two years. Operating profit for the third quarter was 12,353.3 billion won, an increase of 58.83% from the same period last year. / Reporter Kim Hyun-min kimhyun81@

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Samsung

Samsung
005930
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Kospi

Stock Information

Present price
88,800

Compared to the previous day
5,900

Fluctuation rate
+7.12%

Volume
59,013,307

Full family
82,900

2021.01.08 15:30 Intraday (20 minutes delay)

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Wow

LG Electronics

LG Electronics
066570
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Kospi

Stock Information

Present price
147,500

Compared to the previous day
2,500

Fluctuation rate
-1.67%

Volume
9,472,733

Full family
150,000

2021.01.08 15:30 Intraday (20 minutes delay)

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Amidst the new coronavirus infection (Corona 19) last year, the company achieved good results, and expectations for the biggest boom this year are growing.

According to the industry on the 10th

Samsung

Samsung
005930
|
Kospi

Was tentatively calculated last year with annual sales of 233.6 trillion won and operating profit of 35.95 trillion won. Sales increased 2.54% from the previous year (23 trillion KRW), and operating profit increased 29.46% from the same period (27.77 trillion KRW).

The increase in memory semiconductor prices and the special semiconductor memory for servers caused by Corona 19 drove overall sales. The device solution (DS) division’s operating profit was reported to be 19 trillion won, a 35% increase over the previous year. In addition, the consumer electronics (CE) division’s operating profit is also estimated to be around 3.5 trillion won, a 40% increase over the previous year.

The securities industry

Samsung

Samsung
005930
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Kospi

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It is also predicted that this year’s annual operating profit will exceed 50 trillion won, the highest ever. Earlier, the company recorded 53.65 trillion won in 2017 and 58.89 trillion won in 2018.

There is a growing expectation that it will lead to an improvement in supply and demand for DRAM and NAND this year due to the low inventory levels of semiconductor companies, as well as the possibility of growth of system semiconductors, which have strengthened the foundry (consigned semiconductor production) business.

▲ LG Electronics display board installed at LG Electronics Atletico Madrid. (Offer = LG Electronics)

LG Electronics

LG Electronics
066570
|
Kospi

Last year, sales of 63,2638 billion won and operating profit of 3,191.8 billion won, respectively, recorded record highs. Sales increased 1.5% from the same period last year (62,3062 billion won), and operating profit increased 31% from the same period (2,436.1 billion won). Especially

LG Electronics

LG Electronics
066570
|
Kospi

This is the first time that its annual operating profit has exceeded 3 trillion won.

The domestic and international performance of hygiene and health care home appliances has grown evenly due to the Zipcock trend according to Corona 19, and particularly in markets such as North America and Europe, the strong performance of premium products such as OLED and Nano Cell TV has driven the overall performance.

LG Electronics

LG Electronics
066570
|
Kospi

It also had a positive effect on improving operational efficiency by strengthening online-specific products and digital marketing.

The securities industry predicted that the operating profit will continue to reach 3 trillion won this year. DB Investment & Securities says “This year

LG Electronics

LG Electronics
066570
|
Kospi

Even if there are no specialties like last year, operating profit can reach 3 trillion won, and the blast of new home appliances and the expansion of OLED TV sales will be the points to watch.”

Reporter Lee Dong-woo [email protected]

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