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Samsung profit drops steeply in Q2 but results show sequential improvement
2019-10-08 08:59:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics has provided an earnings guidance for the third quarter, with revenues and profit seen lower year-on-year, but higher on a sequential basis. Samsung said it expects revenues at KRW 61-63 trillion, off from last year's 65.46 trillion but better than the 56.13 trillion reported in the second quarter. The consolidated profit meanwhile is expected at KRW 7.6-7.8 trillion, a steep drop from the record figure of 17.57 trillion achieved the year before. Compared to the previous quarter's KRW 5.18 trillion however, the number is an improvement.
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Category:Telecommunications