Samsung profits are certainly not a reason to complain for the Korean company, even without sales of the Samsung Galaxy S4, which is yet to arrive in stores.
That’s because, according to the earnings guidance the company has announced today, things are going quite well on the financial front. According to the guidance, Samsung’s operating profit in this year’s first quarter will be approximately 8.7 trillion Korean won (around $7.7 billion), a slight decrease compared to the $8.3 billion in last year’s fourth quarter, but a pretty large increase when compared to the same time last year, when Samsung had turned a profit of around $5.15 billion.
As far as sales revenue goes, Samsung is expecting to be at around 52 trillion Korean Won (around $46.2 billion), a decrease over last year’s fourth quarter (56 trillion Korean Won), but a significant increase over the same time last year (45 trillion Korean Won).
The figures are just estimates, and the final announced results could differ. It will be interesting to see, though, how sales of the Samsung Galaxy S4 will reflect in Samsung’s second quarter results. Analyst Lee-Seung woo from IBK Securities, quoted by the Financial Times, expect Samsung’s operating profit to go over 10 trillion Korean Won in Q2 2013, boosted by sales of the Samsung Galaxy S4.
Source:Financial Times
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