Both Samsung and LG Announce Earnings Guidance for the Second Quarter

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Monday, July 10th, 2017

Both Samsung Electronics and LG Electronics announced on July 7, its earnings guidance for the second quarter of 2017.

For the Samsung Electronics:

  • Consolidated Sales: Approximately 60 trillion Korean won
  • Consolidated Operating Profit: Approximately 14.0 trillion Korean won

 The above figures are estimates of consolidated earnings based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be provided as a range. Therefore, in compliance with such disclosure regulations, the above figures represent the median of the earnings estimate range, provided below.

  • Sales:  59 ~ 61 trillion Korean won  
  • Operating Profit: 13.9 ~ 14.1 trillion Korean won  

 

(in trillion won)

2017. 1Q

2016. 2Q

Sales

50.55

50.94

Operating profit

9.90

8.14

 For the LG Electronics:

Tentative consolidated revenues for the second quarter of 2017 is nearly KRW 14.6 trillion with an operating profit of KRW 664.1 billion. Revenues are expected to be 3.9 percent higher with operating profit 13.6 percent higher than the same period the year prior.

(Unit: KRW bn)

 

2017 2Q

2017 1Q

QoQ (%)

2016 2Q

YoY (%)

SALES

14,555.2

14,657.2

- 0.7

14,002.9

3.9

OPERATING INCOME (Loss)

664.1

921.5

- 27.9

584.6

13.6

These figures are the tentative consolidated earnings based on K-IFRS. This is provided as a service to investors prior to LG Electronics’ final earnings results including net profit and details regarding each division which will be announced officially later this month.

 


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