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Samsung's operating profit up 5.19 pct in Q2

All Headlines 08:41 July 06, 2018

SEOUL, July 6 (Yonhap) -- Samsung Electronics Co. said Friday its second-quarter operating profit advanced 5.19 percent from a year earlier.

Operating profit came to 14.8 trillion won (US$13.2 billion), compared with 14.07 trillion won posted in the same period last year, the company said in its earnings guidance report.

Sales came to 58 trillion won, falling 4.92 percent from a year earlier.

The second-quarter operating profit was below the market's estimate of 15.2 trillion won, according to the data compiled by Yonhap Infomax, the financial arm of Yonhap News Agency, on 21 brokerage houses.

Despite the on-year increase, the latest operating-profit estimate fell shy of the record high figure of 15.6 trillion won tallied for the January-March period.

Samsung did not offer performance and net profit estimate reports for each business division. The company will deliver its finalized earnings report later this month.

colin@yna.co.kr
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