07 Jul '11, 12am

Samsung Electronics tips $3.48b operating profit for Q2

Samsung Electronics tips $3.48b operating profit for Q2

SEOUL: South Korea's Samsung Electronics Thursday estimated second-quarter operating profit of 3.7 trillion won ($3.48 billion), a 26 per cent fall from a record 5.01 trillion won a year earlier. Giving its earnings guidance before the release of official results, Samsung also estimated second-quarter revenue at 39 trillion won, a 2.9 per cent increase compared to 37.89 trillion in April-June 2010. The company, the world's biggest maker of flat panels, memory chips and flat-screen televisions, did not give an estimate for net profit or other details. Analysts quoted by Dow Jones Newswires said the liquid crystal display business probably posted a second straight quarterly loss due to falling demand for televisions and personal computers. They expected earnings to improve in coming quarters due largely to strong sales of its latest version of the Android-powered smartphone,...

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

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