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Samsung releases guidance for Q1 showing decrease in reveneus

Apr 8 2014, 1:43pm CDT | by , in News | Misc

Samsung releases guidance for Q1 showing decrease in reveneus
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The operating profit for this year is down by 4.3%.

Though Samsung's report for the first quarter of this year is not ready entirely but some structures have already been released which will serve as at least some guidance for the operating profit and sales for the first quarter of this year. The results however are not so great for this time around because last year at this time the company posted a massive increase in operating profit but this year it is down by 4.3%.

The operating profit for the January-March period for Samsung turned out to be KRW 8.4 trillion and if we compare these results against what we had last year, then during the same time period it was KRW 8.78 trillion. The reason why numbers are looking different is because obviously the changes in currency rates have had their impacts.

 

Even the sales are flat for the company which explains lower revenues; it was KRW 52.87 trillion a year ago and it turns out to be KRW 53 trillion now. According to a market forecast, the sales were expected to hit KRW 54.58 trillion and the operating profit was KRW 8.5 trillion. Though the numbers are not acting in favor of the company at the moment, the stock still remains unaffected.

source: reuters

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