Reportedly, Samsung Electronics Q1 operating profit is expected to be approx 1.4138 trillion won (US$1.0894 billion). Whereas, this figure is apparently down by 67 percent with respect to the previous quarter, and subsequently low by 89 percent from the previous year.
Notably, this is negative earnings at a serious node, which is likely with its semiconductor products. It has in stock exceeding 29 trillion won (US$22 billion). While its stock pricing is not rising, as on March 14, it closed at 59,100 won (US$45.55) per unit of share respectively. This gradually fell by more than 60,000 won repeatedly.
On the other hand, LG Electronics Q1’s operating profit is estimated to be 1.1634 trillion won (US$897.1 million). Although, market contributors are confident about this company as the estimate is 1,676 percent higher. This is with respect to the operating profit, which they recorded in Q4 2022. For instance, its profit was 1.8805 trillion won (US$1.4490 billion) in Q1 2022 respectively.
Moving ahead, the profit growth is being led by the influenced by the VS Division. This is taking care of the charge of the company’s automotive electronics business. While the division turned to the black after nine years. Also, its backlog amounted to more than 80 trillion won (US$62 billion) at the end of last year.
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