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Samsung Q3 sales to decline to KRW 49 trillion

2016-10-07 09:47:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics has announced its earnings guidance for the third quarter of 2016. Samsung expects to reach consolidated sales of nearly KRW 49 trillion in the third quarter, down from a reported KRW 51.68 trillion in the year-earlier period. The company also expects an operating profit of around KRW 7.8 trillion, up slightly from KRW 7.39 trillion a year ago. In the second quarter of 2016, Samsung saw its sales reach nearly KRW 51 trillion, while operating profit amounted to KRW 8.14 trillion. The company will report full quarterly results at a later date.

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