Samsung Electronics (005930 KS) Co. Q4 (KRW) net rose 153.3% Y/Y to 19.64tln (exp. 18.6tln), oper. profit 20.1tln (prev. 6.49tln Y/Y), rev. rose 23.8% Y/Y to 93.8tln, Co. to buyback KRW 3.57tln of shares and will dispose of KRW 1.1tln of shares

Samsung Electronics (005930 KS) Co. Q4 (KRW) net rose 153.3% Y/Y to 19.64tln (exp. 18.6tln), oper. profit 20.1tln (prev. 6.49tln Y/Y), rev. rose 23.8% Y/Y to 93.8tln, Co. to buyback KRW 3.57tln of shares and will dispose of KRW 1.1tln of shares.

Samsung Electronics reported a strong fourth quarter, with net profit surging 153.3% year-on-year, outpacing expectations. The significant jump in operating profit and revenues suggests robust demand and effective cost management, while the share buyback indicates confidence in its future prospects. This performance could have positive implications for sentiment in tech equities and potentially lift peer valuations.