Latest Official Technology News is a blog about Latest News of Official Technology.Get all the News of Official Latest Technology.



Tuesday, September 24, 2013

Samsung Group Earns Over W300 Trillion

The Samsung Group's total sales exceeded W300 trillion for the first time in the history of Korea's biggest conglomerate (US$1=W1,085).

Samsung on Saturday said its total sales last year amounted to W302.9 trillion. It made W220.1 trillion in 2009, surpassing the W200 trillion level for the first time, and only took three years to cross the next milestone.

The main driver was the rapid increase in sales at core subsidiary Samsung Electronics. Samsung Electronics' sales have climbed from W136.3 trillion in 2009 to W201.1 trillion last year, with the electronics giant now accounting for 66 percent of the group's revenues thanks to brisk sales of mobile phones.

The Samsung Group's net profit also reached a record of W29.5 trillion last year. Group-wide net profit rose from W11.8 trillion in 2008 to W20.3 trillion in 2011.

The conglomerate said its total assets stood at W503.6 trillion last year, surpassing the W500 trillion mark for the first time. As of the end of last year, the group employed 425,000 people.



Post a Comment