Samsung has announced financial results of the third quarter ending Sep 30, 2009. The total revenue for the Korean company on a consolidated basis reached 35.87 trillion won, up 18.5 percent on YoY.
Consolidated operating profit stood at 4.23 trillion won, more than what was expected in the earnings guidance. The operating profit went up 67.8 percent from the previous quarter or a 185.8 percent increase on YoY basis. Net income was recorded at 3.72 trillion won.
As far as individual business divisions are concerned, the semiconductor divisions recorded a consolidated operating profit of 1.15 trillion won with revenues reaching 7.46 trillion won, 25.3 percent increase year-on year. Samsung expects the semiconductor biz to perform well with the rising demand.
The LCD division posted an operating profit of 1.01 trillion won and revenues of 6.73 trillion won, 20.6 percent on YoY. Samsung says the sales are expected to decline in the next quarter due to weak seasonality but will be at par with the previous year.
With plethora of handsets in the market, the telecommunications division registered an operating profit of 1.03 trillion won and revenue at 10.71 trillion won. It’s a 20.6 percent increase year-on-year. Samsung is positive about the sales in the fourth quarter, claiming to beat its full year target of 200 million mobile handset unit sales. Its global mobile market share is expected to reach 20 percent.
Finally the Digital Media Divisions posted an operating profit of 940 billion won, a 147 percent YoY increase while revenues reached 12.37 trillion won, increase of 14.7 YoY. The forecast for the fourth quarter looks good as LCD TV sales are expected to rise by 25 percent while PDP TVs by 26 percent.