While Samsung is still one of the top brands in the world, the company hasn’t been performing as well as before over the past two years. Fortunately, in its latest quarterly earnings guidance report, the Korean company finally sees its first quarterly profit growth.
In its earnings guidance for Q3 2015, Samsung predicts a consolidated operating profit of approximately 7.3 trillion Korean won (that’s about RM26.87 billion) from a consolidated sales of approximately 51 trillion Korean won (about RM187.71 billion). If the figure is confirmed, it means that Samsung is finally seeing a profit growth after seven straight quarters of decline compared to the same quarter in the previous year.
While Samsung did not break down the exact sales, it is believed that its success in this quarter could be due to the Samsung Galaxy Note 5 and Galaxy S6 edge+ sales. In the last quarter, despite launching the Galaxy S6 and Galaxy S6 edge, the company still saw a drop in profit of 4% compared to Q2 2014. This time round, the company sees an increase of 7.6% in sales, and an increase of 78.05% for operating profit compared to Q3 2014.
(Source: Samsung Tomorrow via: The Verge)
