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Samsung Electronics estimates Q3 operating profit to rise 5.55 pct

All News 08:42 October 07, 2016

SEOUL, Oct. 7 (Yonhap) -- Samsung Electronics Co. predicted Friday that its third-quarter operating profit may rise 5.55 percent on year, despite a global recall of the Galaxy Note 7 smartphones.

Operating profit is estimated at 7.8 trillion won (US$6.98 billion) in the July-September period, compared with 7.39 trillion won for the same quarter last year, Samsung said in a regulatory filing.

Compared with a quarter earlier, third-quarter operating profit is estimated to fall 4.18 percent, Samsung said.

Third-quarter sales are estimated to fall 5.19 percent on year to 49 trillion won, Samsung said.

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