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Samsung set for another record quarterly profit


Monday, October 7, 2013

Samsung Electronics expects to report record operating profits for the third quarter of 2013.

Samsung estimated that operating profits for third-quarter 2013 will arrive at between KRW9.9 trillion (US$9.24 billion) and KRW10.3 trillion, compared to KRW9.53 trillion in the prior quarter and KRW8.12 trillion a year ago.

Samsung's operating profits climbed to a record high for a sixth consecutive quarter in the second quarter of 2013.

Consolidated revenues for the quarter are forecast to reach KRW58-60 trillion, compared to the KRW57.46 trillion reported for the second quarter, and KRW52.18 trillion for third-quarter 2012, Samsung disclosed.

Samsung is scheduled to release actual results for third-quarter 2013 on October 25.

Samsung is currently the world's top maker of smartphones, memory chips, flat-screen panels and TVs

By: DocMemory
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