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Samsung Electronics forecasts jump in Q2 operating profit


Samsung Electronics says Q2 operating profit to jump more than half
AFP
4 hrs ago
AFP
© Jung Yeon-je
Samsung s overall turnover is equivalent to a fifth of South Korea s gross domestic product
South Korean tech giant Samsung Electronics forecast an expectations-beating jump of more than 53 percent in second-quarter operating profit Wednesday, thanks to strong chip prices and operations resuming at a key US factory.
The world s biggest smartphone maker said in an earnings estimate that it expected operating profit of around 12.5 trillion won ($11 billion) for April to June, up from 8.15 trillion won a year earlier.
The figures were ahead of the 11 trillion won average of estimates, according to Bloomberg News.  ....

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Samsung Electronics Says Q2 Operating Profit To Jump More Than Half


Samsung Electronics Says Q2 Operating Profit To Jump More Than Half
By Claire LEE
07/07/21 AT 3:10 AM
South Korean tech giant Samsung Electronics forecast an expectations-beating jump of more than 53 percent in second-quarter operating profit Wednesday, thanks to strong chip prices and operations resuming at a key US factory.
The world s biggest smartphone maker said in an earnings estimate that it expected operating profit of around 12.5 trillion won ($11 billion) for April to June, up from 8.15 trillion won a year earlier.
The figures were ahead of the 11 trillion won average of estimates, according to Bloomberg News.
Samsung Electronics is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled empires known as chaebols that dominate business in South Korea, the world s 12th largest economy. ....

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