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Friday, October 5, 2012

Samsung prepares for record quarterly profits

Samsung Electronics has announced its earnings guidance for the third quarter of 2012. These figures are regularly revealed a few weeks ahead of the formal quarterly results announcement.

Consolidated sales are expected to be around 52 trillion Korean won (£29 billion), while consolidated operating profit is predicted to be around 8.1 trillion Won (£4.5 billion) - up approximately 90% year-on-year and potentially a new quarterly record.

Audited quarterly results are due to be published at the end of the month.

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Author: The Fonecast
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