Samsung Electronics’ Q1 Performance Drawing Attention

Ryu Kyung-dong Jan 15, 2013

Samsung Electronics achieved record sales for three consecutive quarters until the last quarter of 2012. Though experts have mixed opinions about the sales forecast for Q1, 2013, a majority of them are positive about new sales records.

According to financial information provider FnGuide, Samsung Electronics’ turnover and operating profits are expected to decrease 4.93% and 5.88% quarter on quarter to 53,240.6 billion and 8,282.9 billion won in Q1 of this year, respectively. The net profit is estimated to decline 4.58% to 6,804.7 billion won, too. Still, the year-on-year figures are forecast to increase 17.61%, 41.58% and 34.79% each.

With the company having broken its own sales record for three quarters in a row, some industry insiders are predicting that the momentum will lose some steam this quarter. However, the others are saying that it will be able to set a new high by increasing the operating profits to over nine trillion won.

NH Investment & Securities research analyst Lee Sun-tae predicted that the business profits would increase 1.9% from a quarter earlier to nine trillion won. Tongyang Securities and Mirae Asset Securities also estimated the figure at 9.8 trillion won and 9.187 trillion won, respectively.

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