Samsung hints a drop in profits with Q1 2014 Earnings Guidance
Samsung is looking at a decline in quarterly profit for the second consecutive quarter, according to earnings guidance released by the company today. Samsung publishes the guidance as a “convenience” to investors, analysts and media and with the figures based on K-IFRS, the consolidated sales for the last quarter ranges around 53 trillion won and consolidated operating profit at 8.4 trillion won.
In comparison with Q4 2013 figures, Samsung posted sales of 59 trillion won with an operating profit of 8.31 trillion won.
Samsung will release full quarterly earnings later this month.