Samsung: earnings of Digital Appliance Business rose

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As communicated by Samsung, in the fourth quarter 2019 the earnings of the Digital Appliance Business rose on increased demand in emerging markets including India. Revenue and profit both improved YoY as sales of premium products like the Bespoke refrigerator and large dryers grew. Samsung plans to continue launching new lifestyle digital appliances and premium products to seek growth in the first quarter 2020. For the whole year, the company sees uncertainties from global economic sluggishness but will aim to offset risks through the expansion of its premium lineup and more B2B opportunities. The Consumer Electronics Division, comprised of the Visual Display and Digital Appliance businesses, recorded KRW 12.71 trillion in consolidated revenue and KRW 0.81 trillion in operating profit for the fourth quarter of 2019.

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