Samsung Electronics 1st Korean firm to top W100 tril. in quarterly operating profit
Samsung Electronics on Thursday estimated 107.4 trillion won ($80.28 billion) in operating profit for the third quarter, becoming the first Korean company to surpass 100 trillion won in quarterly operating profit. In a regulatory filing, the company said its third-quarter operating profit and revenue are each estimated at 107.4 trillion won and 195 trillion won. If the figures are finalized when…
Samsung Electronics has set a new record, becoming the first Korean company to achieve a quarterly operating profit of over 100 trillion won. The tech giant has estimated its third-quarter operating profit at 107.4 trillion won, surpassing the 782.5 percent year-on-year increase in operating profit and the 126.6 percent increase in sales from the previous quarter.
Despite concerns about the sharp appreciation of the Korean won against the US dollar, which could have negatively impacted profitability, Samsung Electronics' earnings estimates exceeded brokerages' consensus expectations. Memory chips are believed to be the primary driver behind this impressive financial performance.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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- Samsung reaches new profit record with memory chip windfall businesstimes.com.sg
- Samsung reaches new profit record with memory chip windfall freemalaysiatoday.com
- (LEAD) Samsung's Q3 operating profit reaches new high of 107.4 tln won en.yna.co.kr
- Samsung Q3 profit surges to record high, but misses lofty expectations investing.com
- Samsung Electronics 1st Korean firm to top W100 tril. in quarterly operating profit koreatimes.co.kr
- Samsung reports preliminary Q3 operating profit up 782% YoY to ~$80.1B, vs. ~$81.2B est., and revenue up 127% to ~$145.7B, lower than expected (Yoolim Lee/Bloomberg) bloomberg.com
