Samsung SDI Q4 net profit downs 21.6%
Samsung SDI added Tuesday its 4th quarter earning down 21.6% on year due to decrease demand for batteries used in energy storage system and IT products.
Net profit came to 493.3 billion won in the October December period 2023 compared with 629.2 billion won from a year earlier, the company expressed in a regulatory filing.
The company posted 22.7 trillion won in sales, up 12.8% from a year ago. Company sales fell 6.7% on year to 5.56 trillion won, while operating profit slumped 36.5 percent on year to 311.8 billion won