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To: StanX Long who wrote (13060)1/16/2004 12:03:19 AM
From: StanX Long  Respond to of 95406
 
Samsung Results Set New Records

Online staff -- Electronic News, 1/15/2004

Revenue and operating income both broke record at Samsung Electronics in Q4 2003, coming in at $10.8 billion (12.89 trillion won) and $2.22 billion (2.63 trillion won), respectively.

The increases represented a 14.4 percent sequential jump for revenue and a 20.8 percent jump from the previous operating income record, set in Q3 2000.

Quarter-on-quarter, operating income increased by 27.9 percent, while year-over-year growth surged a whopping 63.4 percent. Revenue improved by 21.7 percent compared to Q4 2002.

Full-year 2003 totals were $36.7 billion (43.58 trillion won) in revenue, $6 billion (7.19 trillion won) in operating income and $5 billion (5.96 trillion won) in net income. Along with the record-breaking revenue, operating income and net income both approaching records set in 2000 and 2002.

Samsung attributed the high levels to its lesser dependency on DRAMs and mobile handsets, as its product portfolio has become more evenly spread over other key business areas such as TFT-LCDs, flash memory and digital TVs.

Indeed, Samsung's TFT-LCD division showed 42 percent sequential growth in the closing quarter of 2003.

Revenues for each of Samsung's four main business units—the device solution network, telecommunication network, digital media network, and digital appliance network—all increased quarter on quarter by 23.3 percent, 5.4 percent, 14 percent and 11.2 percent, respectively, to total $4.94 billion (5.86 trillion won), $3.34 billion (3.94 trillion won), $1.79 billion (2.13 trillion won) and $725 million (860 billion won) in Q4.