Home ยป Samsung’s Q3/2023 Preliminary Financial Report: Declining Revenues and Profits Over the Previous Year

Samsung’s Q3/2023 Preliminary Financial Report: Declining Revenues and Profits Over the Previous Year

Samsung has released its preliminary performance report for the third quarter of 2023. The company forecasts sales of approximately 67 trillion won and operating profit of 2.4 trillion won. Both the revenue and profit from operations have decreased compared to the same quarter last year (3/2022), but have increased compared to the previous quarter (2/2023).

These figures provide a preliminary snapshot of Samsung’s performance, and the company has not provided further details by business segment. Particularly, the semiconductor and chip unit has seen a significant decline in production capacity, but there are indications of price adjustments.

Samsung will release a detailed breakdown of its performance by business segment on October 31.

TLDR: Samsung’s preliminary report for Q3 2023 shows a decrease in sales and operating profit compared to last year, but an increase compared to the previous quarter. Detailed information by business segment will be released on October 31.

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