Samsung Electronics is expected to post a record operating profit for the fourth quarter of last year, surpassing market forecasts.

In its earnings guidance released Thursday, the tech giant said operating profit for the October–December period soared 208‑point‑two percent from a year earlier to an estimated 20 trillion won, or 13‑point‑eight billion U.S. dollars.

The figure would surpass the previous quarterly record of 17‑point‑57 trillion won set in the third quarter of 2018, marking a new all‑time high.

Revenue also reached a record 93 trillion won, up 22‑point‑seven percent on‑year, and topped the 90 trillion won mark for the first time.

Ahead of the announcement, market expectations stood at 92‑point‑five trillion won in revenue and 19‑point‑six trillion won in operating profit.