Samsung expects to double Q1 profit versus last year, sends itself a love note
Sammy has issued guidance for its financial performance between January and March 2012, ahead of a fuller earnings report due later this month. In contrast to HTC's latest news, the Korean giant looks rosy enough -- it's predicting an operating profit of 5.8 trillion won ($5 billion), which is almost double the quarterly profit from last year. Overall revenues continued to grow steadily too, rising nearly 22 percent to 45 trillion won ($40 billion). We'll need to wait for more detail to see where the growth is coming from, but it'd be cheesily nice to think our affection for the Galaxy Note had something to do with it.
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Samsung Electronics Announces Earnings Guidance for First Quarter 2012
Consolidated revenues estimated at 45 trillion Korean won
Operating profit at 5.8 trillion won
SEOUL, Korea – April 6, 2012 – Samsung Electronics Co., Ltd. today announced its earnings guidance for the first quarter, 2012.
Consolidated Sales : Approximately 45 trillion Korean won
(Range: 44 – 46 trillion Korean won)
Consolidated Operating Profit : Approximately 5.8 trillion Won
(Range: 5.6 – 6.0 trillion Korean won)
The above figures are consolidated earnings estimates based on K-IFRS
