Samsung to log robust Q3 earnings on chip biz, currency effect: Analysts

Samsung Electronics Co. is expected to report strong third-quarter earnings on the back of its semiconductor business and a weak won, analysts said.

The South Korean tech giant was projected to log 16.3 trillion-won ($13.8 billion) in operating profit for the July-September period, up 31.9 per cent from a year earlier, while its sales were forecast to increase 12.2 per cent on-year to 75.1 trillion won over the period, according to the data from nine local brokerage houses compiled by Yonhap Infomax, reports Yonhap News Agency.

Compared with the previous quarter, Samsung’s third-quarter operating profit and sales were estimated to increase 29.7 per cent and 18 per cent, respectively.

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