Samsung: smartworking stimulates demand, operating profit + 25%

Samsung Electronics announced an increase of more than 25% of its operating profit in the fourth quarter of the year. The smart work imposed globally by the Covid pandemic, which has driven demand for devices powered by chips produced by the South Korean tech giant, has generated profits. Early estimates for the October-December period show operating profit of 9 trillion won ($ 8.23 ​​billion) compared to 7.16 billion won the previous year. This was slightly lower than analysts’ forecast of 9.34 trillion won, but Samsung stock reacted positively on the stock market nonetheless, closing at + 7.12% in Seoul.

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