Samsung sees Q1 operating profit up 48%

News Wireless Global 7 APR 2017
Samsung sees Q1 operating profit up 48%
Samsung Electronics expects to report a strong increase in first-quarter operating profit, to KRW 9.9 trillion from KRW 6.68 trillion a year earlier. The result is also better than the KRW 9.22 trillion reported for the seasonally strong fourth quarter. 

Samsung expects revenues to reach KRW 50 trillion in Q1, up slightly from KRW 49.78 trillion reported a year earlier and down from KRW 53.33 trillion in Q4. The full first-quarter results will be reported later this month. 

Categories:

Mobile

Companies:

Samsung

Regions:

Global

Tags:

Financial figures, Consumer devices, Handsets

Related Articles

KOREA, REPUBLIC OF 9 JAN 2018

Samsung Q4 operating profit grows more than 63%

Samsung Electronics expects its Q4 operating profit to grow 63.8 percent year-on-year to KRW 15.1 trillion (USD 14.1 billion). That compares to KRW 9.2 trillion in the fourth quarter of 2016, Samsung said in its preliminary report. Sales are expected to reach KRW 66 trillion for the three months ended 31 December 2017, which represents an increase of 23.8 percent year-on-year. 

GLOBAL 27 APR 2017

Samsung net profit up 46% in Q1, mobile results lower

Samsung reported a drop in mobile revenues and profit in the first quarter but said shipments improved compared to the previous quarter thanks to new mid-range models like the A7. Revenues at the mobile division fell 15 percent year-on-year and 0.5 percent from the fourth quarter to KRW 23.50 trillion, and operating profit was down to KRW 2.07 trillion from KRW 3.89 trillion a year ago. The company's net profit in the first quarter totalled KRW 7.68 trillion, up from KRW 5.25 trillion a year ago. Samsung sa

GLOBAL 7 APR 2017

Samsung meldt 48% meer operationele winst in Q1

Samsung Electronics verwacht een sterke groei van de operationele winst in het eerste kwartaal, van 9,9 biljoen won tegen eerder 6,68 biljoen. Het resultaat is ook beter dan de 9,22 biljoen die Samsung draaide in het seizoensmatig sterke vierde kwartaal. Samsung rekent op een omzet van 50 biljoen won (ruim 41 miljard euro) in het eerste kwartaal, iets hoger dan de 49,78 een jaar geleden en lager dan de 53,33 biljoen in Q4. De volledige resultaten publiceert de gigant later deze maand.

GLOBAL 29 MAR 2017

Samsung unveils new flagship smartphone, the Galaxy S8

Samsung has unveiled in New York its latest flagship smartphones, the Samsung Galaxy S8 and S8 Plus. They will be available from 21 April for respectively EUR 799 and EUR 899.

GLOBAL 28 MAR 2017

Samsung may offer refurbished Galaxy Note 7 smartphones

Samsung Electronics announced that it may offer a refurbished version of its Galaxy Note 7 smartphone. In an announcement of how it plans to recycle the recalled phone, Samsung said it's consulting with regulatory authorities and carriers and assessing local demand for offering a refurbished version of the phone. Release dates and markets will be announced later. Note 7s that can't be resold will be salvaged for components such as semiconductors and camera modules and any precious metals extracted for re-us

GLOBAL 25 JAN 2017

Samsung starts share buyback, confirms higher dividend

Samsung Electronics has started its share buyback programme, after reporting its annual results. As announced earlier, the company will buy back up to KRW 9.3 trillion. This will be conducted in four phases, the first of which has started, for up to KRW 2.3 trillion in the period to 24 April. Samsung will buy both common and preferred shares, which will then be cancelled. The company also confirmed a year-end cash dividend of KRW 27,500 per common share and KRW 27,550 per preference share. The total cost wi

GLOBAL 24 JAN 2017

Samsung mobile revenues under pressure in Q4, sees better Q1

Samsung Electronics reported lower mobile phone revenues for the fourth quarter after its problems with the Galaxy Note 7, but still grew group results thanks to higher sales of semiconductors and displays. Mobile revenues were down 6 percent year-on-year tand up just 3 percent from Q3 to KRW 22.65 billion. Operating profit at the IM division, which also includes network equipment, still improved strongly, to KRW 2.50 trillion from KRW 2.23 trillion a year ago. Samsung said earnings improved due to strong s

GLOBAL 14 OCT 2016

Samsung warns for profit hit in Q4, Q1

After lowering its guidance for the third quarter on the back of its Galaxy Note 7 woes, Samsung said it expects a drop in revenue to continue affecting profits the following two quarters. The company said the move will have a negative impact of mid KRW 3 trillion (EUR 2.4 billion) on its operating profit from the fourth quarter of this year through the first quarter of next year. The impact is expected to be in the mid KRW 2 trillion range for Q4 2016 and KRW 1 trillion for Q1 2017.

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.