Samsung Electronics today reported financial results for the fourth quarter ended December 31, 2019 and the fiscal year 2019. The Company posted KRW 59.88 trillion in consolidated quarterly revenue and KRW 7.16 trillion in quarterly operating profit.
As of December 31, 2019, Samsung Electronics’ consolidated subsidiaries numbered 240 with the addition of 8 subsidiaries and reduction of 20 subsidiaries when compared to totals as of December 31, 2018. Below is the list of consolidated subsidiaries. Samsung Austin Semiconductor LLC. (SAS) Samsung Electronics Panama. S.A. (SEPA)
In the Consumer Electronics Division, the Company will seek to increase sales of QLED 8K TVs and launch new premium appliances such as Bespoke and new lifestyle models. Samsung Electronics’ capital expenditure in 2019 totaled at KRW 26.9 trillion, including KRW 22.6 trillion spent on semiconductors and KRW 2.2 trillion on displays.
The Company assumes no obligation to revise or update this report to reflect risks or uncertainties that arise after the reporting period. In addition to our headquarters in Korea, Samsung Electronics is comprised of 240 subsidiaries across the world responsible for sales and production.