Samsung estimates record $9.4 billion profit for latest fiscal quater


Samsung has just announced their earnings guidance for the third quarter of 2013, and it looks like more records will be smashed. The company is estimating 59 trillion won ($53.4 billiob) in total revenue, with an operating profit of 10.1 trillion won ($9.4 billion). Should the number be correct, this would be an increase over the 9.53 trillion won ($8.5 billion) in operating profit 57.46 trillion won ( $51 billion) in sales it reported in the previous quarter.

Forgetting last quarter, this is an even bigger increase upon last years figures at the same period. That time, Samsung reported  52.18 trillion won ($48.5 billion) in sales and 8.06 trillion won ($7.5 billion) in profit.  Year-on-year, this represents a 13% growth for the Korean giant.

Source – The Verge

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