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Samsung sees flat sales, lower opg profit in Q1

2014-04-08 08:37:00| Telecompaper Headlines

(Telecompaper) Samsung expects to report flat sales and lower operating profit for the first quarter. The company said it expects revenue at KRW 53 trillion, little changed from the year-earlier period, and operating profit of KRW 8.4 trillion, down from KRW 8.8 trillion in Q1 2013. This would be Samsung's second consecutive quarter of lower earnings, hurt by slower growth rates and declining prices in the smartphone market. The company will report full quarterly results at a later date. 

Tags: sales lower flat samsung

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