Samsung guidance reveals tenfold increase in profit for Q1 2024

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Samsung guidance reveals tenfold increase in profit for Q1 2024

April 05, 2024, 12:34 PM

Samsung announced today its earnings guidance for Q1 2024, where sales are expected to reach between KRW 70 and 72 trillion ($51-$53 billion). The more impressive figure, however, is the operating profit â€“ between KRW6.5 and 6.7 trillion (just under $5 billion) â€“ ten times more compared with the profit during the same period last year.

(all units inKRW / USD)
Q1 2024Earnings Guidance
Q3 2023
QoQ Change
Q1 2023
YoY Change

Sales
71 trillion /52 billion
67.78 trillion /50.09 billion
4.75%
63.75 trillion /47.11 billion
...

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