0
Samsung has posted its earnings guidance for the third quarter of 2018, which reveals that it will post an all time high 17.5 (17.4 ~ 17.6) trillion Korean won ($15.5 billion approx.) in operating profits for the quarter, 20% up from a year earlier. This will beat the 15.64 trillion won ($14.4 billion) profit that it had posted in Q1 2018. The main reason for jump in profits is likely to be due to strong memory chip sales, which account for nearly 80% of Samsung’s operating profit. Even though its profits fell in Q2, we are yet to see if Samsung will continue its profit streak in fourth quarter from continued high demand for semiconductors. In the third quarter, revenue will rise about 4.7% from a year earlier to 65 (64 ~ 66) trillion Korean won, says Samsung’s forecast. Samsung did not announce the performance of each business division. We should know the exact profit amount and division-wise results when Samsung releases its full earnings results later this month. Source

Read Here»

Post a Comment Blogger

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. As the comments are written and submitted by visitors of The Sheen Blog, they in no way represent the opinion of The Sheen Blog. Let's work together to keep the conversation civil.

 
Top