As expected, today Samsung Electronics published a forecast of the financial results of its activities in the first quarter of 2020.
The South Korean manufacturer estimates that the consolidated revenue for the period was approximately 55 trillion Korean won, and the consolidated operating profit was approximately 6.4 trillion Korean won.
The values shown are based on consolidated financial results calculated in accordance with International Financial Reporting Standards (K-IFRS). The rules for disclosing financial information adopted in South Korea do not allow publishing estimates in the form of ranges, so the arithmetic mean values of the following indicators are given:
Sales: 54-56 trillion Korean won;
Operating profit: 6.3-6.5 trillion Korean won.
For comparison, in the previous quarter, sales were 59.88 trillion Korean won and operating profit was 7.16 trillion Korean won. In the first quarter of last year, the values of these indicators were 52.39 and 6.23 trillion Korean won, respectively. In other words, growth is expected in annual terms.