Antara News : Samsung Electronics estimates Q2 operating profit at US$4.1 bln

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Seoul (ANTARA News/Asia Pulse) -Samsung Electronics Co. (KSE:005930), the world's largest maker of memory chips and flat screen TVs, estimated today that it had posted an all-time high operating profit of 5 trillion won (US$4.11 billion) for the April-June period.

The preliminary estimate represents nearly a two-fold increase from a profit of 2.67 trillion won a year earlier, Samsung said in a regulatory filing.

Samsung was forecast to have posted an operating income of 4.84 trillion won in the quarter, according to the median estimate of analysts polled by Yonhap Infomax, the financial news arm of Yonhap News Agency.

Second-quarter consolidated sales are estimated at 37 trillion won, according to the South Korean company's earnings guidance.

Source:
Business in Asia Today - July. 7, 2010
published by Asia Pulse

Editor: Ricka
COPYRIGHT © 2012

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