Samsung Reports Q1 Earnings, 34% Down
Are you a die hard Samsung fan who eagerly awaits next generation products? Well then you might be interested in the fact that Samsung has revealed their Q1 earnings for 2011, and they certainly aren’t the best when you compare them to say other large technology brands. Samsung estimated that it had made an operating profit of KRW 2.9 trillion or $2.7 billion, for the first quarter, which is down 34% from a year ago.
The sales figure is estimated at between KRW 36 trillion and KRW 37.68 trillion, or around $34 billion, in line with analyst expectations. Samsung refrained from giving a net profit forecast, however remains confident that the release of future profits will gain them a solid net profit for the end of 2011.
PS: Did you like this post? If so, be sure to leave a comment below.