Samsung Electronics in Q3 increases revenue by 16-19% preliminarily



10/08/2024 9:17 AM


Samsung Electronics announced in a preliminary report that it recorded revenue between 78 and 80 trillion won ($57.9-59.3 billion) in the third quarter of 2024. The growth is expected to be between 15.7 and 18.7 percent compared to last year.



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It is anticipated that the operating profit for July-September 2024 will fall between 9-9.2 trillion won, showing an increase from 2.43 trillion won in the previous year.

According to a survey by LSEG, analysts, on average, predict the company will earn a profit of 11.46 trillion won with revenue of 82 trillion won.

Samsung's market value has dropped by over 23% to 406 trillion won in 2024, whereas the Kospi index has only decreased by 2.2%.

The complete financial results for the third quarter will be published on October 31 by the company.

source: bloomberg.com


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