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Samsung anticipates a 78% drop in operating profit in the third quarter

MADRID, 11 Oct.

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Samsung anticipates a 78% drop in operating profit in the third quarter

MADRID, 11 Oct. (EUROPA PRESS) -

The South Korean technology giant Samsung Electronics expects to register an operating profit of 2.4 trillion won (1.68 billion euros) in the third quarter of 2023, which would represent a decline of 77.9% compared to its result of 10.85 trillion won (7.61 billion euros) from the same period in 2022, according to the company.

Likewise, the Suwon manufacturer is confident that its sales will reach around 67 trillion won (46.97 billion euros) between July and September, a figure that would represent a drop of 12.7% in relation to the multinational's income in the year. same period of 2022.

However, compared to its results for the second quarter of 2023, Samsung's estimated operating profit would represent a more than triple improvement compared to the result of 670 billion won (470 million euros) posted by the company between April and June.

Regarding sales, Samsung's forecast for the third quarter would represent a sequential increase of 11.6% compared to the 60.01 trillion won (42.07 billion euros) billed by the company in the second quarter of 2023.

In this way, despite the decrease in the annual comparison included in the projections published this Tuesday, Samsung shares appreciated by 2.71% on the Seoul Stock Exchange.