Samsung guides for lower Q2 revenues, flat operating profit

News Wireless Global 6 JUL 2018
Samsung guides for lower Q2 revenues, flat operating profit

Samsung Electronics said it expects to report second-quarter revenues of about KRW 58 trillion and an operating profit of KRW 14.8 trillion. The year before, revenues rose 20 percent to KRW 61 trillion while the operating profit jumped almost 73 percent to KRW 14.07 trillion. 

The figures are also lower than in the first quarter, when revenues came in at KRW 60.56 trillion, up almost 20 percent, and the operating profit was KRW 15.64 trillion, almost 60 percent higher. Samsung at the time warned for weaker smartphone demand but said it expected better results going forward into the year, supported by the World Cup.

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