[2nd Report] Samsung Electronics Posts Operating Profit of 6.4 Trillion Won in Q1, Up 2.7% YoY 'Holding Steady'
[Asia Economy Reporter Kim Hyewon] Samsung Electronics announced on the 7th that its preliminary sales for the first quarter amounted to 55 trillion KRW, with an operating profit of 6.4 trillion KRW.
Sales increased by 4.98% compared to the first quarter of 2019 (52.39 trillion KRW), but decreased by 8.15% compared to the previous quarter (59.88 trillion KRW).
Operating profit rose by 2.73% compared to the same period last year (6.23 trillion KRW), but fell by 10.61% compared to the previous quarter (7.16 trillion KRW).
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- [Lee Jaemyung Administration 1 Year] 300,000 Benefit from Rural Basic Income, K-Food Hits 'All-Time High' Last Year
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Sales in the first quarter slightly missed the securities firms' average forecast of 55.1734 trillion KRW, but operating profit exceeded the forecast of 6.0948 trillion KRW.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
