[Breaking] Samsung Electronics' Quarterly Operating Profit Falls Below 1 Trillion Won for First Time in 14 Years... 1Q at 640.2 Billion Won

by Moon Chaeseok

Published 27 Apr.2023 08:42(KST)

Updated 27 Apr.2023 08:48(KST)

Q1 Earnings Announcement

Samsung Electronics announced on the 27th that its consolidated operating profit for the first quarter was tentatively estimated at 640.2 billion KRW, a 95.47% decrease compared to the same period last year.

This is the first time in 14 years since the first quarter of 2009, during the global financial crisis, that Samsung Electronics' quarterly operating profit has fallen below 1 trillion KRW.

[Breaking] Samsung Electronics' Quarterly Operating Profit Falls Below 1 Trillion Won for First Time in 14 Years... 1Q at 640.2 Billion Won