Samsung’s earnings guidance for Q2 2017 reveals record profits

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Samsung has posted its earnings guidance for the second quarter of 2017, which reveals that it will post an all time high 13.9 ~ 14.1 trillion Korean won (US$12.1 billion approx.) in operating profits for the quarter, 72% up from a year earlier. This will beat the 10.16 trillion won (~US$9.6 billion) that it posted back in Q3 2013. Last quarter it posted operating profit of 9.9 trillion won (about $8.7 billion) on revenue of 50.55 trillion won.

This will also exceeded the analysts’ earlier expectation of 13.1 trillion won. The main reason for jump in profits is likely to be due to strong memory chip sales and price that could have helped Samsung to widen margins.

Revenue will rise about 18% from a year earlier to 59 ~ 61 trillion Korean won, compared to analysts’ forecast of 59 trillion won.

Samsung did not announce the performance of each business division. We should know the exact profit amount and division-wise results when Samsung releases its full earnings results later this month.


Author: Srivatsan Sridhar

Srivatsan Sridhar is a Mobile Technology Enthusiast who is passionate about Mobile phones and Mobile apps. He uses the phones he reviews as his main phone. You can follow him on Twitter and Instagram