A man tests Samsung Electronics' Galaxy S7 at its showroom in Seoul on July 7, 2016. Samsung Electronics on July 7 flagged its biggest operating profit in more than two years, boosted by cost-cutting efforts and solid sales of its latest flagship smartphone. / AFP PHOTO / JUNG YEON-JE
SEOUL: Tech giant Samsung Electronics Co Ltd said its second-quarter operating profit likely rose 17.4% from a year earlier, its highest in more than two years as Galaxy S7 smartphone sales propelled mobile earnings.
The world's top maker of smartphones and memory chips said its April-June profit was likely 8.1tril won (RM28.18bil), better than the average forecast of 7.8tril won (RM27.14bil) tipped by a Thomson Reuters survey of 16 analysts. It was the highest since a 8.5tril won (RM29.57bil) profit in the first quarter of 2014.
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