Samsung expects 10.4% increase in profit in first

August 30, 2016


Samsung looks set to return to the game this year. The Korean giant announced its forecasts of financial results for the first quarter, according to which consolidated sales were $43.3 billion, which is an improvement compared to last year, when the company reported $40.7 billion for the same period.

Samsung expects $5.7 billion operating profit, which is a 10.45% increase over the same period last year.

“It might be a bit early to get too excited over the estimated Galaxy S7 shipment figures, as we have yet to see how many will actually reach end customers,” said Greg Roh, an analyst with HMC Investment & Securities in Seoul. “But the launch seems to have been well timed.”

Galaxy S7 and Galaxy S7 Edge with over 10 million pre-orders in China

It is assumed that a huge contribution to improved results have the latest flagships Galaxy S7 and Galaxy S7 Edge, from which the company sold 10 million units only in March.

※ 2015 4Q and 2015 1Q consolidated figures based on K-IFRS are as follows

(in trillion won) 2015. 4Q 2015. 1Q
Sales 53.3 47.1
Operating profit 6.1 6.0

Leave a Reply

Your email address will not be published. Required fields are marked *