Samsung Electronics announced its 3Q 2019 earnings guidance. The company’s consolidated sales stood at approximately 62 trillion Korean won, whereas approximate consolidated operating profit at 7.7 trillion Korean won.
The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.
– Sales: 61 ~ 63 trillion Korean won
– Operating Profit: 7.6 ~ 7.8 trillion Korean won
As compared to the 2Q 2019, the 3Q estimates have marginally better sales and operating profit. In 2Q, the sales stood at 56.13 trillion Korean won and profit at 6.60 trillion Korean won. However, a YoY comparison reveals that in the 3Q 2018, Samsung Electronics had sales of 65.46 trillion Korean won and profit of 17.57 trillion Korean won.