Samsung estimates $5.88bn Q2 ’12 profit

Ben Kersey - Jul 6, 2012
Samsung estimates $5.88bn Q2 ’12 profit

We know you’re perched on the edge of your seat waiting to hear Samsung’s Q2 financials, so we won’t keep you waiting. The South Korean company has issued its earnings guidance for the second quarter, reporting approximate sales of ₩47 trillion (~$41.31 billion) and an approximate operating profit of ₩6.7 trillion (~$5.88 billion). You’ll have to wait a little longer to hear the full numbers though.

Samsung say the estimates put sales between ₩46 – 48 trillion (~$40.4 – $42.19 billion), and profit between ₩6.5 – 6.9 trillion (~$5.71 – $6.06 billion). Compare that to second quarter from last year, which showed Samsung with ₩39.44 trillion (~$34.66 billion) worth of sales and ₩3.75 trillion (~$3.29 billion) in profit. As you can see, things are looking good for the company.

It’ll be even more interesting to see the third quarter results once the effect of the Galaxy S III launch in the United States is fully accounted for. The phone did land in Europe first though, with reports of record pre-orders from retailers in the UK. The official financial results are expected to be released towards the end of July once they’ve been approved by the board of directors.

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