Samsung Expects Surge In Q2 Operating Profit

(RTTNews) - Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) expects a surge in second-quarter operating profit. The company projects quarterly sales will increase 23.31 percent.

The South Korean tech giant projects operating profit of about 10.40 trillion Korean won in the second-quarter, compared to 0.67 trillion won reported last year. While it reported operating profit of about 6.61 trillion won in the first-quarter.

The company also expects second-quarter consolidated sales of about 74.00 trillion won compared to 60.01 trillion won last year. It reported consolidated sales of about 71.92 trillion won in the first-quarter.

Second-quarter earnings results will be released later this month.

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