Samsung Electronics Announces Earnings Guidance for First Quarter 2011

SEOUL--(Korea Newswire)--Samsung Electronics Co., Ltd. today announced its earnings guidance for the first quarter, 2011.
 
Consolidated Sales: Approximately 37 trillion Korean won(Range: 36 – 38 trillion Korean won)
Consolidated Operating Profit: Approximately 2.9 trillion Won(Range: 2.7 – 3.1 trillion Korean won)
 
The above figures are consolidated earnings estimates based on K-IFRS
 
※ ’10 4Q and ’10 1Q consolidated figures based on K-IFRS are as follows;
(in trillion won) ’10 .4Q ’10.1Q
Sales 41.87 34.64
Operating profit 3.01 4.41
 
Disclosure regulations in South Korea do not allow earnings guidance to be provided as a range, therefore the official disclosure was made based on the median value as stated above.
 
The guidance is provided ahead of the full announcement of quarterly earnings results for the convenience of investors and media, before our external audit on the financial results of our headquarters, subsidiaries and affiliates is completed. Therefore, the above estimate may differ from the actual results.
 
The full earnings for the first quarter will be disclosed following the Board of Directors’ approval of the financial statements and quarterly reports.
 
About Samsung Electronics Co., Ltd.
 
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2010 consolidated sales of US$135.8 billion. Employing approximately 190,500 people in 206 offices across 68 countries, the company consists of eight independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging, Semiconductor and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, semiconductor chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.

Website: http://www.samsung.com/sec

This is a news release distributed by Korea Newswire on behalf of this company.