Q1 consolidated revenue expected to be 60 trillion won and operating profit 15.6 trillion won.

Samsung Electronics announced preliminary results for the first quarter of 2018, with consolidated revenue of 60 trillion won and operating profit of 15.6 trillion won.

Sales decreased by 9.06% compared to 65.98 trillion won in the previous quarter, but increased by 18.69% compared to 50.55 trillion won in the same period last year. Operating profit increased by 2.97% compared to 15.15 trillion won in the previous quarter and by 57.58% compared to 9.90 trillion won in the same period last year.

The provisional results are estimates based on the International Financial Reporting Standards (IFRS) adopted in Korea and are provided for the convenience of investors while the settlement of accounts has not yet been completed.

Samsung Electronics has enhanced shareholder value by providing quarterly earnings forecasts for the first time among domestic companies since July 2009 and by adopting IFRS in advance in 2010, thereby enabling investors to make more accurate earnings predictions and judgments on corporate value through the provision of information based on global standards.