Operating profit is estimated at 14 trillion won ($12.1 billion) in the April-June period, up from 8.14 trillion won a year earlier, the tech giant said. It marks the all-time high quarterly operating profit ever posted by Samsung Electronics, surpassing the previous record 10.1 trillion won set in the third quarter of 2013. Sales for the April-June period are also expected to surge 17.8 percent on-year to 60 trillion won. Samsung witholds sector-by-sector business performance until it releases its final earnings report later this month. The earnings forecast surpassed a market consensus of around 13.2 trillion won compiled by FnGuide, a financial information service provider.

Source: The Nation Bangkok July 07, 2017 00:11 UTC