City
Epaper

Apple South Korea's 2021 sales soar 24% to top $5.97bn

By IANS | Updated: January 13, 2022 12:05 IST

Seoul, Jan 13 Apple Korea's sales jumped 24 per cent on-year to hit $5.97 billion last year, a ...

Open in App

Seoul, Jan 13 Apple Korea's sales jumped 24 per cent on-year to hit $5.97 billion last year, a new data showed on Thursday.

The South Korean unit of US tech giant Apple Apple Korea Ltd. logged 7.1 trillion won ($5.97 billion) in sales from October 1, 2020 to September 30 last year, according to its audit report filings.

Net income for the cited period stood at 124.3 billion won, down slightly from a net profit of 127.4 billion won the previous year.

The company's operating profit dropped 13.3 per cent on-year to 111.49 billion won over the cited period, reports Yonhap news agency.

This marked the first time Apple Korea has released its audit report since the South Korean unit converted into a limited company in 2009.

Under the amended Act on External Audit of Stock Companies, limited companies also have been obliged to undergo external audits and to publicly disclose their audit reports since 2019.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: seoulusApple koreaApple apple korea ltd.
Open in App

Related Stories

NationalFlorida Plane Crash: 2 Killed After Small Aircraft Crashes in Coral Springs Lake (Watch Video)

InternationalFung Wong Live Tracker Map: Tropical Storm Triggers Flash Floods Across Guam; Check Real-Time Status Here

InternationalNew York: 7 Firefighters Injured in Car Blast in The Bronx (Watch Video)

InternationalLouisville Plane Crash: 7 Killed, 11 Injured After UPS Cargo Flight Crashes Near Airport in Kentucky; Videos Surface

BusinessUS Visa Medical in Pakistan: How to Book Your Appointment Fast & Stress-Free

Technology Realted Stories

TechnologyEmerging cities drive festive digital payment value at SMEs by 44 pc

TechnologyTrouble deepens for Anil Ambani amid ED crackdown

Technology316 mn women, 12.5 mn adolescent girls faced sexual violence in last 12 months: WHO

TechnologyIndia undertook rapid strides in advancing clean, renewable energy: Bhupender Yadav

TechnologyFPIs’ holdings hit 14-month high in November