Samsung Electronic has released their early estimates Q1 2013 earnings. According to source, the operating profit is expected to hit about 8.7 trillion won ($7.7 billion) – thanks to their current smartphone line up and the good expectation from the new Samsung Galaxy S4. It is actually a little lower than past year Q4 2012 – $8.27 billion. More detailed breakdowns by division will be released in April 26th. So for those who said Samsung is going down, no, they are doing fine. Press release after the break.
” Samsung Electronics Announces Earnings Guidance for First Quarter 2013
(SEOUL–Korea Newswire) April 5, 2013 — Samsung Electronics Co., Ltd. today announced its earnings guidance for the first quarter of 2013.
Consolidated sales: Approximately 52 trillion Korean won
(Range: 51 – 53 trillion Korean won)
Consolidated operating profit: Approximately 8.7 trillion Korean won
(Range: 8.5 – 8.9 trillion Korean won)
The above figures are consolidated earnings estimates based on K-IFRS
- 2012 4Q and 2012 1Q consolidated figures based on K-IFRS are as follows
(in trillion won) / 2012.4Q / 2012.1Q
Sales / 56.06 / 45.27
Operating profit / 8.84 / 5.69
Disclosure regulations in South Korea do not allow earnings guidance to be provided as a range, therefore the official disclosure was made based on the median value as stated above.
The guidance is provided ahead of the full announcement of quarterly earnings results for the convenience of investors and media, before our external audit on the financial results of our headquarters, subsidiaries and affiliates is completed. Therefore, the above estimate may differ from the actual results.
The full earnings for the fourth quarter will be disclosed following the Board of Directors’ approval of the financial statements and quarterly reports.”
