Samsung Electronics expects a significant increase in second-quarter operating income and sales. The company projects consolidated operating profit of approximately 89.40 trillion Korean won, up from 4.68 trillion won a year earlier. Consolidated sales are estimated at around 171 trillion won, a 129.31 percent rise from last year's 74.57 trillion won. Sequentially, operating income would climb 56.21 percent and sales would grow 27.74 percent. Despite the strong outlook, shares fell about 9 percent in Korean trading.
Samsung Electronics Co LtdSamsung forecasts surge in Q2 operating profit and sales, indicating strong financial performance.