Samsung Electronics has released its earnings guidance for the first quarter of 2024, providing insights into the company's financial performance.
The consolidated sales for the first quarter are expected to be approximately 71 trillion Korean won, with a consolidated operating profit of around 6.6 trillion Korean won.
These estimates, based on K-IFRS standards, are presented as median figures due to Korean disclosure regulations that prohibit offering earnings estimates as a range. The sales estimate ranges from 70 trillion to 72 trillion Korean won, while the operating profit is anticipated to fall between 6.5 trillion to 6.7 trillion Korean won.
Comparing the upcoming quarter's projections with the previous quarters, the consolidated sales for the fourth quarter of 2023 stood at 67.78 trillion Korean won, with an operating profit of 2.82 trillion Korean won. In the first quarter of 2023, the sales were reported at 63.75 trillion Korean won, with an operating profit of 0.64 trillion Korean won.
This announcement provides valuable information for investors, analysts, and stakeholders interested in Samsung Electronics' financial performance. The company's consistent growth and financial stability are reflected in the projected figures for the first quarter of 2024.
Stay tuned for the official financial report to gain a comprehensive understanding of Samsung Electronics' performance in the first quarter of 2024.
