Samsung Electronics said it is expecting sales of 76 trillion won and operating profit of 13.8 trillion won in the fourth quarter of 2021.
Samsung said its fourth-quarter operating profit likely surged 52 percent on-year to its highest for the quarter in four years, helped by demand for server memory chips and higher margins in chip contract manufacturing.
Samsung’s sales in the fourth quarter of 2020 were 61.55 trillion won and operating profit was 9.05 trillion won.
Samsung’s sales in the third quarter of 2021 were 73.98 trillion won and operating profit was 15.82 trillion won.
Samsung Electronics said it is likely to post record quarterly sales in the fourth quarter of last year, boosted by its solid semiconductor business.
The company expected the sales to hit 76 trillion won ($63.1 billion) in the September-December period, up 23.5 per cent from a year earlier, it said in the earnings preview.
Operating profit likely reached 13.8 trillion won in the fourth quarter, up 52.5 per cent from the previous year.
If the tentative figures stand, the sales would mark the largest ever for the world’s biggest memory chip and smartphone maker, following the previous record quarterly high of 73.9 trillion won three months ago.
For all of 2021, the tech giant is expected to have registered record annual sales of 279 trillion won, up 17.8 per cent from the previous year’s 236.8 trillion won. The cumulative operating profit for the year is likely to stand at 51.6 trillion won, up 43.3 percent from 2020 and the third-largest ever.
Compared with the third quarter, the operating profit shrank 12.8 percent, while the sales rose 2.7 percent, according to the estimates.
Friday’s guidance did not include breakdown figures for its respective business divisions. Samsung will release the full earnings result later this month.
Analysts said strong demand for server memory chips and a less-than-expected fall in DRAM and NAND flash average selling prices likely helped buoy the overall performance.