Seoul: Samsung E and A Co. announced on Friday an estimated fourth-quarter operating earnings of 295.8 billion won (US$202.8 million), marking an increase of 9.6 percent compared to the same period last year. The company faced a decline in revenue, which fell by 8.8 percent to 2.57 trillion won. However, information on the net profit was not provided.
According to Yonhap News Agency, the operating profit exceeded expectations, registering 49.6 percent higher than the average estimate from a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency. The final earnings report is anticipated for release at a later date, providing more comprehensive insights into the company's financial performance.