Samsung set to log strong Q2 earnings on chip biz: Analysts

Seoul: Samsung Electronics is expected to report strong second-quarter earnings on the back of its semiconductor business that offset a lukewarm performance of the mobile unit, analysts here said on Thursday.

The South Korean tech giant was projected to log 11.2 trillion-won (US$9.9) billion in operating profit for the April-June period, up 37.6 percent from a year earlier, while its sales were estimated to increase 15.8 percent on-year to 61.3 trillion won over the period, according to the data from 15 local brokerage houses compiled by Yonhap Infomax, the financial news arm of Yonhap News Agency.