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FnGuide: Samsung Electronics' Profits Slowed to 6.68 Trillion Won in Q4

Written: 2016-01-04 09:51:50Updated: 2016-01-04 10:00:27

FnGuide: Samsung Electronics' Profits Slowed to 6.68 Trillion Won in Q4

Four days before Samsung Electronics’ scheduled release of its latest quarterly performance guidance, a report indicated that the tech giant’s recovery has slowed.
 
According to financial information service provider FnGuide on Monday, 25 brokerages presumed on average that Samsung Electronics earned six-point-68 trillion won in operating profit in the fourth quarter of 2015.
 
The figure is nine-point-seven percent lower than Samsung’s third quarter operating profit of seven-point-39 trillion won.
 
Since hitting the trough in the third quarter of 2014 at four-point-06 trillion won, Samsung’s operating profit had improved gradually through the third quarter, when its flagship semiconductor business had record high numbers.
 
In the fourth quarter, however, the report pointed to some downward pressure, such as a fall in product prices as well as lowered demand.
 
The forecast by the brokerages were all made in the past three months with the estimates continuously falling as Samsung’s announcement of its fourth quarter performance approaches.
 
Meanwhile, Samsung Electronics’ fourth quarter sales were predicted to stand at 53-point-46 trillion won, up three-point-four percent from the third quarter. 

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