Apple South Korea’s sales up 3.3 percent to $5.9 billion
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Data showed Monday that Apple Korea’s sales rose slightly to 7.3 trillion won ($5.9 billion) last year.
The Korean unit of U.S. tech giant Apple Inc. logged 7.3 trillion won in sales from Oct. 1, 2021, to Sept. 30, 2022, up from 7.1 trillion won the previous one-year period, according to its audit report filing.
Net income for the cited period stood at 112.9 billion won, down slightly from a net profit of 124.3 billion won the previous year.
The company’s operating profit dropped 23 percent on-year to 86.1 billion won from 111.5 billion won over the cited period, with an operating profit margin of 1.2 percent.
A total 124.3 billion won in dividends was given to its U.S. headquarters and other overseas units, according to the filings.
Apple Korea paid 50.3 billion won in corporate taxes for the fiscal year ending Sept. 30 last year.
Questions & Answers
Q.Did Apple Korea's profitability also increase with the rise in sales?
Did Apple Korea's profitability also increase with the rise in sales?
No, both net income and operating profit fell. Net income was 112.9 billion won, down from 124.3 billion won, and operating profit dropped 23 percent to 86.1 billion won.
Q.What was Apple Korea's operating profit margin for the period reported?
What was Apple Korea's operating profit margin for the period reported?
The company's operating profit margin stood at 1.2 percent for the period from October 1, 2021, to September 30, 2022. This figure is lower than the previous year's performance.
Q.How much money did Apple Korea pay in dividends to its parent company and other units?
How much money did Apple Korea pay in dividends to its parent company and other units?
Apple Korea paid 124.3 billion won in dividends to its U.S. Headquarters and other overseas units during the reported fiscal year. This was disclosed in the company's audit report filings.