Samsung Electronics likely to post W17 trillion in operating profit in third quarter
Samsung Electronics likely to post W17 trillion in operating profit in third quarter
  • Lee Jun-sung
  • 승인 2018.09.27 11:12
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Continue 'new record' march with W13 trillion in semiconductor operating profit

 

Samsung Electronics, which was caught up in slump of Galaxy S9 in the second quarter, is expected to reap record operating profit of 17 trillion won in the third quarter due to high seasonal demands for semiconductor and display. Analysts say the semiconductor sector will also have the best operating profit of 13 trillion won.

According to WISEfn, a stock information company, Samsung Electronics' third-quarter performance was estimated at 65.2 trillion won in sales and 17.2 trillion won in operating profit. If its estimate is correct, it is Samsung Electronics' biggest quarterly operating profit ever.

Compared to the same period last year, sales (62.4 trillion won) and operating profit (14.5 trillion won) increased by 5.1 percent and 18.5 percent, respectively. Compared to the previous quarter, sales and operating profit are expected to increase by 11.5% and 15.8% respectively. Its operating profit ratio for third quarter reached 26.4%, raising the possibility of breaking its first quarter record of 25.8%.

After suffering from a "Galaxy Note 7" explosion in the third quarter of 2016, Samsung Electronics saw its operating profit rise for the sixth straight quarter from the fourth quarter of the same year to the first quarter of this year.

However, operating profit for the second quarter was 14.8 trillion won, down 4.9 percent from the previous quarter, stopping the company`s record-breaking march. This is because sales of flagship smartphone 'Galaxy S9' that was introduced in first half of this year are lower than expected.

Concerns were raised over Samsung Electronics' performance might turn to a decline from an upward trend. However, it is analyzed that it will show its solid performance again with its biggest operating profit of 17 trillion won in the third quarter.

More than 75 percent of all profits are expected to come from the semiconductor sector. Major brokerage houses estimated Samsung Electronics` operating profit in the semiconductor sector in the third quarter to the maximum 13.8 trillion won.


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