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09 Jan
08:42

Samsung predicts 35% drop in Q4 2023 operating profit

South Korean giant Samsung Electronics said Tuesday it expects its Q4 2023 operating profit to decline 35% on-year to around KRW 2.8 trillion ($2.1 billion), Kallanish reports. According to its estimation, the operating profit in Q4 2023 will be better than its Q3 2023, which was even worse at KRW 2.43 trillion. The on-quarter increase is about 15.22%.  The electronics manufacturer expects Q4 sales to reach about KRW 67 trillion – a 4.9% decline y-o-y…
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