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Wednesday, January 9, 2013

Samsung anticipates another record quarter

Samsung Electronics has announced its earnings guidance for the fourth quarter of 2012, a prelude to the official results that are expected in a few weeks.

Its consolidated sales for Q4 2012 are expected to be between 55 and 57 trillion Korean won (around £32.8 billion), while consolidated operating profit is estimated at 8.6 to 9.0 trillion Korean won (£5.2 billion).

This would mean the company’s results had reached a new record every quarter for more than a year.

Results for the same quarter in 2011 revealed sales of 47.3 trillion Korean won and profit of 4.66 trillion Korean won.

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Author: The Fonecast
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