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Old 10-15-2016, 02:21 AM   #1
SWAPAN_MISHRA
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Smile Samsung Electronics Announces Revised Earnings Guidance for Q3 2016


Samsung Electronics Announces Revised Earnings Guidance for Q3 2016


Samsung Electronics today announced its REVISED earnings guidance for the third quarter of 2016.

After recent incidents and in consideration of our consumers’ safety, Samsung Electronics stopped sales, exchanges and production of the Galaxy Note 7. Below is a revised pre-earnings guidance which reflects the impact of this decision on the third quarter earnings, in accordance with accounting standards. We are providing the revised guidance based on disclosure regulations of securities market.

· Consolidated Sales: Approximately 47 trillion Korean won
· Consolidated Operating Profit: Approximately 5.2 trillion Korean won

The above figures are estimates of consolidated earnings based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be provided as a range. Therefore, in compliance with such disclosure regulations, the above figures represent the median of the earnings estimate range, provided below.



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