06 Jan '12, 1am

Samsung tips record Q4 operating profit of US$4.5b

Samsung tips record Q4 operating profit of US$4.5b

SEOUL: Samsung Electronics said Friday it expects a record operating profit in the fourth quarter of 5.2 trillion won ($4.5 billion), up 73 percent year-on-year thanks mainly to strong smartphone sales. The South Korean firm, the world's largest maker of flat panels, memory chips, flat-screen televisions and smartphones, was publishing its earnings guidance before official results expected later this month. It estimated sales of 47 trillion won in October-December, a 12 percent rise from a year earlier. For the full year in 2011, Samsung said it expects operating profit of 16.2 trillion won on record sales of 164.7 trillion, up 6.5 percent from the previous year. The company gave no details in its earnings guidance and did not predict net profit. It said estimates may differ from the results because it has not completed an audit. Analysts cited by Dow Jones Newswires said ...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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