July 6, 2017 / 11:38 PM / 17 days ago

Samsung Electronics says Q2 operating profit likely rose 72 pct y/y

1 Min Read

SEOUL, July 7 (Reuters) - Samsung Electronics Co Ltd on Friday said its second-quarter operating profit likely rose 72 percent from a year earlier to a new record, beating analyst estimates, as strong memory chip prices helped widen margins.

Samsung, in a regulatory filing, said April-June profit was likely 14 trillion won ($12.11 billion), its highest ever and better than the 13.1 trillion won average of 19 analyst estimates in a Thomson Reuters poll.

Revenue likely jumped 18 percent from a year earlier to 60 trillion won.

The firm did not elaborate on its performance and will disclose detailed earnings in late July. ($1 = 1,156.4200 won) (Reporting by Joyce Lee; Editing by Stephen Coates)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below