Samsung Electronics expects Q2 operating profit to jump 53%


The world’s biggest smartphone maker said, in an earnings estimate, that it expected operating profit of around 12.5 trillion won (US$11bil or RM45.75bil) for April to June.The figures were ahead of estimates, according to Bloomberg News.

Seoul: South Korean tech giant Samsung Electronics forecast an expectations-beating jump of more than 53% in second-quarter operating profit, thanks to strong chip prices and operations resuming at a key US factory.

The world’s biggest smartphone maker said, in an earnings estimate, that it expected operating profit of around 12.5 trillion won (US$11bil or RM45.75bil) for April to June.The figures were ahead of estimates, according to Bloomberg News.

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