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The South Korean Samsung Electronics Co., the world's largest maker of smartphones and semiconductors, expects an operating profit increase of only 5% per annum in the second quarter of 2018, lower than Expected by the market.
Samsung expects an increase in operating profit of 14.8 trillion won ($ 13.2 billion) against 14.07 trillion won in April-June 2017. In January-March, the record of this indicator was set at 15.64 billion won
At the same time, the company announced a decline in revenue in the second quarter from 61 trillion to 58 trillion won
Experts surveyed by S & P Global Market Intelligence On average, Samsung's operating profit in the second quarter was estimated at 15.1 trillion won and 60.3 trillion won income
Samsung will release the latest quarterly report from here the end of the month.
Companies will struggle to maintain active growth in the coming quarters, despite having nets for a number of segments, including the memory chip market.
Samsung Electronics fell 1.9% in Seoul on Friday. Since the beginning of 2018, the company's capitalization has decreased by about 10%, while the Kospi stock index has fallen by 9%.
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