Samsung’s Performance
Samsung Electronics estimated on September 4 it will post a record-high quarterly operating profit of 10.1 trillion won (US$9.4 billion) in the third quarter of this year.
The preliminary estimate shows a 25.3 percent increase from 8.06 trillion won (US$7.52 billion) a year earlier, said Samsung. It is also a 6 percent rise from three months earlier, when the electronics giant posted an operating profit of 9.53 trillion won (US$8.89 billion).
Revenue in the Q3 is estimated at a record 59 trillion won (US$55.0 billion), up 13.1 percent from the previous year, which does not however provide its breakdowns for each business unit.
Samsung Electronics did not disclose the estimate on net profit which is, the company said, scheduled to announce when the third-quarter earnings are unveiled later this month.
According to an industry source, Samsung’s mobile business that accounts for roughly 75 percent of its total operating income might have helped boost its total performance, but its home appliance division might have produced poor results due to an FX loss.