Samsung Group’s subsidiary, Samsung Electronics has announced its earnings guidance for the third quarter of 2017. According to the figures based on K-IFRS, Samsung expects consolidated sales to be around 62 trillion won whereas the operating profit to be around 14.5 trillion won. With these estimates, Samsung will beat last year’s quarter by a whisker […]
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Samsung heir jailed on corruption charges
Samsung heir, J Y Lee (Lee Jae-yong) who was arrested earlier this year, has now been convicted on charges of corruption. The de-facto head and Samsung Electronics Vice Chairman has been handed five years of jail time for bribery, embezzlement and hiding assets overseas. Although Lee’s lawyers have confirmed that they’ll appeal Seoul court’s decision, […]
Samsung posts Q2 2017 financial result
Samsung today published their Q2 2017 results that ended on June 30, 2017. Samsung recorded a revenue of 61 trillion won, a massive growth of 10.06 trillion won YoY with an operating profit of a record 14.07 trillion won, an increase of 5.92 trillion won YoY. Just like the last few quarters, this quarter’s profit […]
Samsung Earnings Guidance for Q2 2017
Samsung today released their earnings guidance for their recently concluded Q2 2017. As per estimates based on K-IFRS, Samsung’s consolidated sales is at around 60 trillion won and the consolidated operating profit is at around 14 trillion won mark. Samsung is seeing an upward trend for its earnings and the estimate looks much better year-on-year […]
Samsung rides high in Q1 2017, thanks to components biz
Samsung today published their Q1 2017 results that ended on March 31, 2017. Samsung recorded a revenue of 50.55 trillion won, a growth of 0.77 trillion won YoY with an operating profit of 9.90 trillion won, an increase of 3.22 trillion won YoY. The quarter’s profit surge was a result of the components business, specifically […]