By Claire Reilly
Samsung Electronics has announced its global earnings estimate for the second quarter of the 2012 fiscal year, estimating sales of approximately 47 trillion Won (AUD $40 billion) and an operating profit of 6.7 trillion Won (AUD $5.7 billion).
The estimated figures were released for the information of investors, and represent the median figure in a range (between 46 and 48 trillion Won in sales and 6.5 to 6.9 trillion Won in operating profit). The official figures are yet to be finalised.
The numbers represent a mammoth leap in sales for the company year-on-year. For Q2 of the previous year, Samsung reported consolidated sales figures of 39.44 trillion Won and an operating profit of 3.75 trillion Won. This represents a 19.2 per cent increase in sales and a huge 78.7 per cent jump in profits based on the company’s 2012 estimates.
The figures come off the back of a successful product release cycle for the Korean company, which recently launched the Samsung Galaxy S III to the Australian market.
Samsung Electronics Australia has also launched the Series 9 range of notebooks, the Navibot S robotic vacuum, and a 4G-enabled tablet and smartphone within the last 6 months.