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Samsung Electro-Mechanics Co., a South Korean industrial parts maker, said Thursday its net profit jumped 26.1 percent last year on the back of growing demand for mobile components.
The company’s annual net profit reached 441 billion won ($404.4 million) in 2012, compared with 349.5 billion won in the previous year, the company said in a regulatory filing.
Revenue climbed 31.2 percent on-year to 7.9 trillion won last year, while operating profit more than doubled to 580.5 billion won in the cited period.
The company attributed the stronger operating profit to rising demand for mobile parts, such as camera modules.
Samsung Electro-Mechanics said it plans to focus on its key businesses and nurture new growth engines in 2013 amid a strengthening Korean won and growing competition in the IT market. (Yonhap News)
The company’s annual net profit reached 441 billion won ($404.4 million) in 2012, compared with 349.5 billion won in the previous year, the company said in a regulatory filing.
Revenue climbed 31.2 percent on-year to 7.9 trillion won last year, while operating profit more than doubled to 580.5 billion won in the cited period.
The company attributed the stronger operating profit to rising demand for mobile parts, such as camera modules.
Samsung Electro-Mechanics said it plans to focus on its key businesses and nurture new growth engines in 2013 amid a strengthening Korean won and growing competition in the IT market. (Yonhap News)
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Articles by Korea Herald
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