Samsung Electronics Among World's Top 50 Companies

Samsung Electronics has joined the ranks of the worldÂ’s 50 largest companies.

According to the 2005 Fortune Global 500 list released by the business magazine Fortune, Samsung Electronics ranked39thh.
Rank in the Fortune Global 500 is determined by total revenue in the prior year.

Samsung Electronics netted $9.4 billion in net profits on $71.9 billion in sales last year, according to Fortune, moving up 15 notches from the 2004 tally. The electronics maker was Asia'’s second most profitable company. Toyota Motor is ranked number in Asian profitability.

Interestingly, Japan's Sony Corp. stood at 47th with $1.5 billion won in net profits on $66.6 billion in sales, lagging behind Samsung.

Hyundai Motor was the only other Korean company that made the top 100 list, ranking 92nd, up from 98th a year earlier. KoreaÂ’s biggest automaker chalked up $1.47 billion in net profits on $71.9 billion in sales.

Other Korean firms that made the Global 500 list include SK Corp., LG Electronics, Samsung Life Insurance and Korea Electric Power Corp.

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