Thursday, May 28, 2020
Samsung Electronics Announces Earnings Guidance for 1Q 2020
Q1 Operating Profit Estimated at 6.4 Tril. Won
Samsung Electronics Announces Earnings Guidance for 1Q 2020
  • By Kim Eun-jin
  • April 7, 2020, 09:28
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Samsung Electronics has announced its earnings guidance for the first quarter of 2020.

The company estimated its consolidated sales at approximately 55 trillion won and consolidated operating profit at approximately 6.4 trillion won.

The above estimates are based on K-IFRS. The company noted that Korean disclosure regulations do not allow earnings estimates to be offered as a range. It said the above figures represent the median of the estimate ranges of:

Sales: 54-56 trillion won

Operating Profit: 6.3-6.5 trillion won.