Samsung Announced Earnings Guidance Of $7.7 Billion Operating Profit For The Q1, 2013

Posted on Apr 5 2013 - 8:24am by Editorial Staff

Samsung today announced its earnings guidance for the first quarter of 2013. The company reported an estimate of 8.7 trillion won (about $7.7 billion) in operating profit and 52 trillion won (about $46.28 billion) in revenue.

It has been interesting to note that with year’s passing, Samsung tentatively posting a 52.9% increase in profits from its previous 5.7 trillion won that it showed back in the first quarter of 2012. The company posted a record 8.84 trillion won (about $8.3 billion) in operating profit in the fourth quarter of 2012.

The full earnings for the fourth quarter will be disclosed following the Board of Directors’ approval of the financial statements and quarterly reports. And, we will be updating you as soon as the actual figures come into pictures, till then stay tuned with us.

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