Seoul: Samsung SDS Co. on Thursday reported its fourth-quarter net profit of 196.3 billion won (US$136.5 million), marking a 34.4 percent increase from the previous year.
According to Yonhap News Agency, the company revealed in a regulatory filing that its operating profit for the October-December period experienced a slight decline of 1.4 percent year-on-year, settling at 211.5 billion won. Despite this drop in operating profit, revenue saw a 7.9 percent growth, reaching 3.64 trillion won.
The reported earnings surpassed market expectations significantly, as analysts had projected an average net profit of 91.1 billion won, based on a survey conducted by Yonhap Infomax, the financial data firm associated with Yonhap News Agency.