South Korean company Samsung has published its earnings forecast for the first quarter of 2021. She expects total revenue for the reporting period to be approximately KRW 65 trillion, or about $ 58.2 billion at the exchange rate.
Samsung’s official press release also states that the company’s operating income for the first three months of 2021 will be around 9.3 trillion won. By comparison, a year ago, in the first quarter of 2020, Samsung had total sales of 55.33 trillion won and operating income of 6.45 trillion won. Over the year, the financial performance of the Korean giant rose to record highs – sales by 17% and profits by 44%. This, according to the company, was facilitated by high sales of the flagship series of smartphones Samsung Galaxy S21, as well as the growing demand for the brand’s household appliances.
It is worth noting that these are preliminary figures, the exact figures will be disclosed in the official quarterly financial report of Samsung. It will be published shortly.
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