Today Samsung Electronics morning published the preliminary results of the work in the third quarter calendar 2016. The full report of the company will be announced in late October, and Samsung is excited to announce that the problems with the withdrawal of "exploding" smartphone Galaxy Note 7 could not cause serious damage to the quarterly finance.
In the period from July to September, the company reported an operating profit in the amount of 7.7-7.9 trillion won, equivalent to $ 7 billion. During the year, the figure rose by 5.5%. Of course, associated with the recall Galaxy Note 7 costs have reduced profit from operations of the company, but supply growth of semiconductor and AMOLED-display Samsung compensated for unplanned losses.
Expected quarterly revenue for the reporting period falls into the range of 48 to 50 trillion won (about $ 44 billion). A year ago in the same quarter, the company has gained more - 51.68 trillion won. Thus, Samsung expected annual decline in quarterly revenue for the period by 5.2%. It is possible that if not for the problem with batteries Galaxy Note 7, Samsung quarterly revenue in the third quarter would have been more than $ 2 billion.