Samsung predicts record operating profit

Seoul - South Korea's Samsung Electronics Co on Tuesday estimated its operating profit for the fourth quarter at a record 8.8trillion won (8.3 billion dollars).

The estimated operating profit for the electronics manufacturer would represent a rise of 88.8 per cent from the same quarter a year earlier and 9.2 per cent from the third quarter.

Fourth-quarter revenue was predicted at 56 trillion won, up 18 percent from a year earlier.

The company, which leads the smartphone market with its Galaxy range, said it was also on track for record annual earnings.

Samsung did not provide a breakdown by product line, but mobilephones made up two-thirds of the revenue for the Apple Inc competitor in the previous quarter, and several news reports quoted analysts assaying strong Galaxy sales probably underpinned the latest revenue performance.//DPA

Latest stories in this category

• Samsung predicts record operating profit


• Seoul - South Korea's Samsung Electronics Co on..


• SET down 1.53 pts, 0.11 pct


• Wall St ends lower

We Recommend

• Parents warned on social media overuse


• Too much time on Facebook 'can harm your child's ..


• Thailand's location drives transport investment..


• Govt denies pulling controversial TV show

Comments conditions

Users are solely responsible for their comments.We reserve the right to remove any comment and revoke posting rights for any reason withou prior notice.

Article source: http://www.thethailandlinks.com/2013/01/08/samsung-predicts-record-operating-profit/