Samsung global sales estimate up $6 billion on 2011

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.

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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.

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