Samsung (NASDAQOTH:SSNLF) believes its Q1 sales and operating profit will be substantially higher on a year-over-year basis when it reports that quarter's financials. It provided guidance for the quarter of a median 52 trillion won ($46 billion) in consolidated sales, and around 8.7 trillion won ($7.7 billion) in operating profit.
Disclosure regulations in Samsung's home market of South Korea prohibit companies from providing their guidance as a range, hence the provision of median figures.
The Q1 expectations compare very favorably to the firm's Q1 2012 results. For that quarter, sales came in at 45 trillion won ($40 billion), and operating profit was 5.7 trillion won ($5.1 billion).
Samsung did not specify when that full set of quarterly figures would be released, saying only that they "will be disclosed following the Board of Directors' approval of the financial statements and quarterly reports."
Fool contributor Eric Volkman has no position in Samsung. The Motley Fool has no position in Samsung. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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