Samsung Profit Soars 50% in Q1 2013

The company's earning guidance shows $7.7 billion operating income

By on April 5th, 2013 12:56 GMT

Samsung has been making more and more profit each quarter, for several consecutive quarters, to the extent that people must have divided into two camps by now.

One must be wondering how Samsung can still milk so much cash, when the market is supposed to be slumping. Mobile gadgets are pulling their weight it seems.

The others must be asking themselves how much higher profits can go.

According to the earnings guidance posted today (Friday, April 5, 2013), operating profit reached $7.7 billion / 5.96 billion Euro.

Revenue was up too, from $40 billion / 31 billion to $45.9 billion / 36 billion Euro.

The figures are consolidated earnings estimates based on K-IFRS. The full earning disclosure will take place following the Board of Directors’ approval of the financial statements and quarterly reports.

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