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Samsung predicts its healthiest quarterly profit in over two years
Samsung has issued its Q2 earnings guidance today – projections on quarterly revenue in advance of consolidated figures – and they are looking good. So good, in fact, that if Samsung’s estimates pan out (and they usually do), Samsung will be looking at its best quarterly profit in two years.
This quarter, Samsung is predicting revenue of 50 trillion Won ($43 billion) and operating profit on that income of 8.1 trillion Won ($7 billion). Staggering figures aside, let’s put those numbers in perspective.
Last quarter, Samsung posted 49.8 billion Won in sales and 6.7 billion Won in operating profit. If the projections for Q2 are accurate, they represent a moderate 4% increase in sales but an impressive 21% increase in profits.
If the projections for Q2 are accurate, they represent a moderate 4% increase in sales but an impressive 21% increase in profits over last quarter.
The best way to see the difference between figures though is to compare this quarter with the same time last year, as it follows the same general annual pattern of profitability. So, looking at Q2, 2015 compared to Q2, 2016, do we get a different story? Not really. From 48.5 billion Won in revenue and 6.9 billion Won in profit, Samsung looks to improve its year-on-year performance by 3% and 17% respectively.
When the full audited earnings figures are released later this month we’ll be able to see if Samsung’s positive forecast plays out. We’ll also get further details on individual business unit performance. Only then will we see if the Galaxy S7 and S7 Edge have been as successful financially as they have been popular.
Were you expecting this result? Do you think the S7 range will save Samsung Mobile?