Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP NEWS AGENCY) = Samsung Electronics announced provisional results for the second quarter of 2023 with sales of 60 trillion won and operating profit of 0.6 trillion won on a consolidated basis.

This is a decrease of 22.28% year-on-year and 5.88% quarter-on-quarter in sales, and a 95.74% year-on-year and 6.25% decrease in operating profit compared to the previous quarter.

In particular, the operating profit hit a 14-year low, indicating that the current situation is not easy. However, according to FnGuide, the stock market says that Samsung Electronics did well in that it estimated Samsung Electronics’ sales and operating profit of 61.8593 trillion won and 281.8 billion won, respectively, in the second quarter.

In particular, in the stock market, Samsung Electronics is expected to rebound from the second half of the year after hitting a low, predicting the effect of memory production cuts and increased sales of expensive products such as DDR5 and HBM3.

By Soon-ki Lee(s8789@nspna.com) and Bok-hyun Lee(bhlee2016@nspna.com)

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