Samsung Electronics Predicts Record High Operating Profit for Q3

Write : 2017-10-13 09:20:59 Update : 2017-10-13 09:46:57

Samsung Electronics Predicts Record High Operating Profit for Q3

Samsung Electronics estimated on Friday that its third-quarter operating profit nearly tripled from a year earlier, beating market expectations.

Samsung said in a regulatory filing that its July-September operating profit was estimated at a record high 14-point-five trillion won, compared with five-point-two trillion won tallied a year earlier.

The figure is larger than the current record of 14-point-07 trillion won set in the previous quarter. Market expectations for the third quarter was 14-point-three trillion won. 

Samsung said that its sales also probably surged 29-point-seven percent to 62 trillion won in the July-September period from a year earlier.

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