S.Korea's Samsung sees 3.3 billion dollar profit in Q4

Jan 07, 2010

South Korea's Samsung Electronics, the world's largest memory chip and flat-screen TV maker, on Thursday estimated it would post a 3.3 billion dollar profit for the three months to December.

The predicted consolidated operating profit would be 3.7 trillion won (3.3 billion dollars) on sales of 39 trillion won during the September-December period.

The "earnings guidance" estimates came ahead of an official quarterly earnings report due later this month, the company said.

Samsung said it expects an operating profit of 10.92 trillion won on a record revenue of 136.05 trillion won for the full year 2009.

The firm's projected profit compared with an operating loss of 740 billion won a year earlier and 4.23 trillion won the previous quarter.

Despite the upbeat earnings guidance, shares fell 3.33 percent to 813,000 won as investors took profits from recent gains.

"The market is taking a breather, while some investors are turning cautious about any possible adverse effects of the Korean won's rapid appreciation against the US dollar to exporters, in particular car makers," Lee Jin-Woo of Mirae Asset Securities told Dow Jones Newswires.

Greg Roh at HMC Investment Securities said he expects Samsung to post an of four trillion won in the first quarter and 16 trillion for the whole of 2010 on solid demand for , handsets and flat-screen televisions.

Explore further: EU Parliament votes to break up Google

add to favorites email to friend print save as pdf

Related Stories

Samsung announces earnings estimate

Jul 06, 2009

(AP) -- Samsung Electronics Co., the world's biggest manufacturer of memory chips, announced quarterly earnings estimates for the first time Monday, saying it hopes to reduce market confusion and speculation ...

Samsung expects strong 3rd-quarter profit

Oct 06, 2009

(AP) -- Samsung Electronics Co. said Tuesday that profit likely surged in the third quarter on higher sales, amid a brightening outlook for the world's largest manufacturer of computer memory chips and flat ...

LG Electronics posts record Q2 earnings

Jul 22, 2009

South Korea's LG Electronics Wednesday reported a record quarterly net profit, boosted by brisk sales of flat panel televisions and mobile phones.

SKorea's Hynix finally swings to profit

Oct 23, 2009

South Korea's Hynix Semiconductor, the world's second largest memory chip maker, Friday announced a profit for the third quarter after seven straight quarters of losses.

Samsung Electronics reports 72% profit slump

Apr 24, 2009

South Korea's Samsung Electronics, the world's top computer memory chipmaker, has announced its first-quarter net profit fell 72 percent year-on-year as poor demand depressed prices.

Recommended for you

EU Parliament votes to break up Google

13 hours ago

The European Parliament voted overwhelmingly for the break-up of Google Thursday in a largely symbolic vote that nevertheless cast another blow in the four-year standoff between Brussels and the US Internet ...

Toyota finds new air bag issue, recalls more cars

18 hours ago

Toyota Motor Corp. recalled more than 40,000 vehicles in Japan on Thursday as part of a worldwide scare over defective air bags and is investigating a new type of air bag problem that could lead to further recalls.

Netflix sues Yahoo CIO for alleged kickbacks

Nov 26, 2014

Netflix is suing a former company vice president who is now chief information officer at Yahoo, accusing him of receiving money from vendors he hired to work with the video streaming company.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.