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Samsung SDI profit misses consensus by 34.6% in Q1

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Samsung SDI profit misses consensus by 34.6% in Q1

Samsung SDI Co. Ltd. said its first-quarter normalized net income came to 912.58 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 1,395.30 won per share.

The per-share result swung to a profit from the prior-year loss of 6,543.38 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 59.80 billion won, compared with a loss of 459.75 billion won in the prior-year period.

The normalized profit margin increased to 4.2% from negative 35.6% in the year-earlier period.

Total revenue increased on an annual basis to 1.305 trillion won from 1.291 trillion won, and total operating expenses decreased 31.2% on an annual basis to 1.372 trillion won from 1.994 trillion won.

Reported net income came to 79.11 billion won, or 1,207.20 won per share, compared with a loss of 801.90 billion won, or a loss of 11,413.06 won per share, in the year-earlier period.

As of May 15, US$1 was equivalent to 1,116.40 South Korean won.