Home Samsung Electronics Announces Some Profits as part of Guidance Report for Q3 2015

Samsung Electronics Announces Some Profits as part of Guidance Report for Q3 2015

We all know that Samsung, like many hardware phone manufacturers, has been having a hard time over the last couple of years with declining profits, due to Increased competition from Chinese based companies and also less than anticipated sales.
The company has just announced its earning guidance for Q3 2015 and things are looking quite positive as they have achieved sales of 51.0 trillion Korean won ($43.8 billion) and Operating Profit of 7.3 trillion Korean won ($6.27 billion).
2015 2Q and 2014 3Q consolidated figures based on K-IFRS

(in trillion won) 2015. 2Q 2014. 3Q
Sales 48.5 47.4
Operating profit 6.9 4.1

There is no breakdown as to what business units contributed most to the increase in sales, but it is hoped that the company reveals more in its final earnings announcement.

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