[ANALYSIS] With Lee s release from prison, Samsung shares set to rise koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
[ANALYSIS] With Lee s release from prison, Samsung shares set to rise
Posted : 2021-07-30 14:51
Updated : 2021-07-30 15:22
Samsung Electronics Galaxy smartphone inside one of its official stores in Korea is seen in this photo, last week. Yonhap
Investors anticipate updates in Samsung s future plans
By Kim Yoo-chul
All of the company s numbers ― from profit margin and operating profit to sales ― are strong, and analysts have no big questions over its business outlook for the rest of the year. However, Samsung Electronics shares have been trapped in a boxed-in range for more than five months.
Samsung, the country s largest conglomerate, posted a net income of 9.45 trillion won (approximately $8.3 billion) for the three months ending in June. Operating profit spiked more than 50 percent, year-on-year. These figures were far higher than earlier analyst estimates. In a conference call to investors, after releasing the breakdown of its quarterly divisional performances, Sams
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