Samsung Electronics Estimates Record Operating Profit


Seoul, Oct 5 (IANS): Samsung Electronics estimated Friday its fresh record quarterly high of operating profit for the third quarter at $7.29 billion.

At 8.1 trillion won or $7.29 billion, the preliminary operating profit estimated by Samsung in the July-September period was up 90.59 percent from a year earlier, topping the previous record high of 6.72 trillion won tallied in the prior quarter, reported Xinhua.

Sales were estimated at 52 trillion won in the three months ending Sep 30, up 26 percent from a year before. The figure was up 9.24 percent from three months earlier.

Samsung did not unveil its estimate for net profit and a breakdown of each division. The final results will be announced later this month after auditing and the approval of board of directors.

  

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Title: Samsung Electronics Estimates Record Operating Profit



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