Samsung Electronics announced its earnings guidance for the second quarter of 2020:
- Consolidated Sales: Approximately 52 trillion Korean won (approx. USD 43 billion)
- Consolidated Operating Profit: Approximately 8.1 trillion Korean won (approx. USD 6.7 billion)
The above estimates are based on K-IFRS (Korean International Financial Reporting Standards). Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below:
- Sales: 51 ~ 53 trillion Korean won (USD 42.5 ~ 44.2 billion)
- Operating Profit: 8.0 ~ 8.2 trillion Korean won (USD 6.7 ~ 6.8 billion)
Note: The estimates include a one-time gain related to the display business.
※ 2020 1Q and 2019 2Q consolidated figures based on K-IFRS are as follows