A man uses a mobile phone inside the Samsung Electronics Co. D'light flagship store in Seoul, South Korea, on Wednesday, July 5, 2017. Samsung is scheduled to release earnings figures on July 7. Photographer: SeongJoon Cho/Bloomberg
Samsung Electronics Co topped analyst estimates with its best-ever operating profit as global demand for semiconductors remained strong and the new Galaxy S8 flagship smartphone won over customers.
Operating income rose to 14tril won (RM52.10bil) in the three months ended June, the Suwon, South Korea-based company said in preliminary results released July 7. That compares with the 13tril won (RM48.38bil) average of analysts’ estimates compiled by Bloomberg. Revenue rose to 60tril won (RM223.31bil), compared with the 58.4tril won (RM217.33bil) projected.
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