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Samsung Electronics Sees Profit Rising 23%

July 7, 2020

Samsung Electronics today announced its earnings guidance for the second quarter of 2020. 

  • Consolidated Sales: Approximately 52 trillion Korean won
  • Consolidated Operating Profit: Approximately 8.1 trillion Korean won

The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below. 

  • Sales: 51 ~ 53 trillion Korean won
  • Operating Profit: 8.0 ~ 8.2 trillion Korean won

Investors were only expecting 6.4 trillion won in operating profit.

Note: The estimates include a one-time gain related to the display business. 

※ 2020 1Q and 2019 2Q consolidated figures based on K-IFRS are as follows

(in trillion won)

2020.1Q

2019.2Q

Sales

55.33

56.13

Operating profit

6.45

6.60

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