Samsung’s Q1 operating profit up 53% year-on-year

Samsung’s Q1 operating profit up 53% year-on-yearSamsung has published its earnings guidance for the first quarter of 2013, and by all accounts, things are looking pretty good.

The figures are unsurprisingly down a tad from the typically busy “holiday quarter” (or “Q4”, if you prefer), but it’s the year-on-year stats that paint a truer picture – a picture that’s full of sunshine and lollipops.

In Q1 2012, Samsung recorded 5.69 trillion Korean won (roughly £3.3 billion) operating profit on 45.27 trillion in sales.

Fast-forward to Q1 2013, and Samsung estimates 8.7 trillion Korean won operating profit (roughly £5 billion) on 52 trillion in sales. So that's almost like everyone in the world giving Samsung £1. Er, almost.

If my calculations are correct (bearing in mind that I just woke up), I make that a 53% year-on-year increase in operating profits, on a 15% year-on-year increase in sales. Not too shabby at all.

The figures are for Samsung Electronics as a whole, however big props go to Samsung Mobile and the likes of the Galaxy S3. Presumably JK Shin will be getting an extra few hundred quid in his pay packet at some point. Nice work.

via: Samsung

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JanSt / MOD  Apr. 5, 2013 at 14:16

In the US Android and Samsung have gone down two points or so, while Apple's gone up... Americans just don't understand that Wall Street hate Apple tsssk.

And some analysts reckon Sammy will ship half a billion devices this year. What a world.


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