As expected, Samsung Electronics today released its forecast for its financial results for the third quarter of 2021.
Consolidated revenue for the reporting period is forecast to be approximately KRW 73 trillion and consolidated operating income of approximately KRW 15.8 trillion.
In a press release issued by the South Korean manufacturer, it is noted that the figures are based on consolidated financial results calculated in accordance with International Financial Reporting Standards (K-IFRS). These are arithmetic averages as South Korea’s financial disclosure regulations do not permit the publication of estimates as ranges. Departing from this limitation, revenue is projected in the range of KRW 54-56 trillion, and operating income in the KRW 15.7-15.9 trillion range.
By comparison, in the previous quarter, sales reached KRW 63.67 trillion and operating income of KRW 12.57 trillion. In the third quarter of last year, these indicators were equal to 66.96 trillion and 12.35 trillion Korean won, respectively.