Samsung Electronics tips 'solid' second-quarter profit on components pickup


A man walks past a billboard of Samsung Galaxy Note 5 at a mobile phone shop in Seoul on July 28, 2016. Strong sales of its flagship smartphone and an aggressive cost-cutting drive saw Samsung Electronics on July 28 post a 1.7 percent year-on-year gain in net profit to 5.2 billion USD in the second quarter. / AFP PHOTO / JUNG YEON-JE

SEOUL: South Korean tech giant Samsung Electronics Co Ltd said it expects solid earnings to continue in the second half of 2016, with stronger components demand likely offsetting heightened margin pressures for smartphones. 

The world's No 1 maker of smartphones and memory chips said mobile profits would weaken in the second half after soaring 57% in April-June, and flagged higher marketing costs to combat new products from rivals. 

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