Samsung announced its provisional results for the first quarter of 2021, with sales of 65 trillion won and operating profit of 9.3 trillion won on a consolidated basis.
In the first quarter of the year, sales increased 5.61% and operating profit increased 2.76% compared to the previous year, while sales and operating profit increased by 17.48% and 44.19%, respectively.
The provisional results are estimated based on the International Accounting Standards for Adoption of Korea (IFRS) and are provided to aid investors’ convenience while the settlement of accounts has not yet been completed.
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Samsung provided quarterly earnings estimates for the first time in Korea from July 2009 and applied 2010 IFRS to help investors make more accurate earnings forecasts and judgments on corporate value by providing information based on global standards. And has improved shareholder value.
