Samsung Electronics announced today (July 7th) that its estimated consolidated operating profit for the second quarter of this year was 600 billion Korean won, with sales totaling 60 trillion Korean won.
Compared to the first quarter, sales decreased by 5.88% and operating profit decreased by 6.25%. Compared to the same period last year, sales decreased by 22.28% and operating profit decreased by 95.74%.
Samsung Electronics stated that these are estimated results based on Korean-adopted International Financial Reporting Standards (IFRS) and that they have not yet concluded their financial statements. However, these figures are provided for the convenience of investors.
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