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Sunday, April 7, 2013

Interim quarterly figures from Samsung predict a year-on-year profit increase

Samsung Electronics has published interim financial figures for the first quarter of 2013. This guidance is usually issued a few weeks ahead of the formal results.

Consolidated sales were approximately 52 trillion Korean won (£29.7 billion), while consolidated operating profit was approximately 8.7 trillion Korean won (£5 billion).

That’s slightly down on the previous quarter but shows profits up almost 53% from the same quarter last year.

The latest Samsung flagship smartphone - the Galaxy S4 - goes on sale later this month.

[Samsung investor relations]

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Author: The Fonecast
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