In its earnings preview, the South Korean company put its operating income at 8.1 trillion won (US$7 billion), compared with 6.9 trillion won a year earlier. Galaxy phones fuel jump in Samsung's 2nd quarter profitSEOUL -- Samsung Electronics said Thursday that its second-quarter operating income jumped 17 percent over a year earlier to the highest quarterly profit in more than two years, as strong sales of its Galaxy smartphones drove profit growth in the mobile business. Analysts predicted 7.4 trillion won of operating income according to FactSet, a financial data provider. The last time Samsung raked in more than 8 trillion won of operating income was during the January-March period in 2014 when it reported 8.5 trillion won in operating profit. Sales rose 3 percent to 50 trillion won.

Source: The China Post July 07, 2016 16:07 UTC