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Samsung’s second quarter revenue shows growth

July 8, 2013 • Mobile and Telecoms

Samsung Electronics on Friday announced its earnings guidance for the second quarter of 2013. In terms of consolidated sales, it was up to approximately R502, 17 billion, while consolidated operating profit was approximately R83, 695 billion.

Samsung Electronics on Friday announced its earnings guidance for the second quarter of 2013 (Image source: File)

The above figures are consolidated earnings estimates based on K-IFRS.

2013 1Q and 2012 2Q consolidated figures based on K-IFRS are as follows:

(in billion Rands) 2013.1Q 2012.2Q
Sales R 465,7847 R 419,356
Operating profit R 77,3518 R 56,9126

Disclosure regulations in South Korea do not allow earnings guidance to be provided as a range, therefore the official disclosure was made based on the median value as stated above.

The guidance is provided ahead of the full announcement of quarterly earnings results for the convenience of investors and media, before the external audit on the financial results of the headquarters, subsidiaries and affiliates is completed. Therefore, the above estimate may differ from the actual results.

The full earnings for the second quarter will be disclosed following the Board of Directors’ approval of the financial statements and quarterly reports.

Staff writer

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