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Samsung Electronics estimates Q4 operating profit to jump nearly 50 pct

All News 08:40 January 06, 2017

SEOUL, Jan. 6 (Yonhap) -- Samsung Electronics Co. predicted Friday that its fourth-quarter operating profit last year may jump about 50 percent on year, despite a global recall of the Galaxy Note 7 smartphones.

Operating profit is estimated at 9.2 trillion won (US$7.72 billion) in the October-December period last year, up 49.84 percent from the same quarter of 2015, Samsung said in a statement.

Compared with a quarter earlier, fourth-quarter operating profit is estimated to surge 76.92 percent.

Fourth-quarter sales are estimated at 53 trillion won, Samsung said.

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