Samsung Electronics estimates record operating profit in Q2

0 Comment(s)Print E-mail Xinhua, July 5, 2013
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Samsung Electronics, the world's largest maker of smartphones, memory chips and flat screens, estimated Friday a record high of operating profit for the second quarter this year.

The preliminary operating profit was estimated at 9.5 trillion won (8.36 billion U.S. dollars) in the April-June period, topping the previous record high of 8.84 trillion won in the fourth quarter of 2012.

The figure was up 8.2 percent from three months earlier, but missed analysts' forecast of around 10 trillion won.

Sales were estimated at 57 trillion won in the three months ending June 30, up 7.81 percent from the previous quarter.

Samsung did not unveil the estimated net profit and a breakdown of each division. The final results will be announced later this month. Endi

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