Feature
- 60 trillion Korean won approximately Operating Profit Consolidated.
- Samsung provided the midpoints of the operational profit and sales expectation ranges.
- Samsung unveiled its earnings guidance for the second quarter of 2023.
Samsung Electronics, a leading technology company, has recently unveiled its earnings guidance for the second quarter of 2023. Using K-IFRS (Korean International Financial Reporting Standards) and according to Korean disclosure laws, which forbid providing profit projections as a range, the corporation presented approximated statistics. Instead, Samsung Electronics provided the midpoints of the operational profit and sales expectation ranges.
Consolidated Sales
60 trillion Korean won approximately Operating Profit Consolidated: Approximately 0.6 trillion Korean Won
Here are the projected ranges for sales and operating profit to give a clearer picture:
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Sales
Korean won, between 59 and 61 trillion Operating Income: Between 0.5 and 0.7 trillion Korean Won
The revealed data are based on K-IFRS, which is an essential point to remember. In addition, the following are the combined data for the first quarter of 2023 and the second quarter of 2022, both based on K-IFRS:
1Q 2023 (in trillion won)
- Sales: 63.75
- Operating profit: 0.64
2Q 2022 (in trillion won)
- Sales: 77.2
- Operating profit: 14.1
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These figures provide insights into Samsung Electronics’ performance and financial standing for the mentioned quarters, showcasing the company’s continuous efforts in a highly competitive market.
