Samsung Expects 73% Surge In Q4 Operating Profit

Samsung Electronics Co

projects a 73% y/y rise in its fourth-quarter operating profit. Samsung projects an operating profit of KRW5.2 trillion (US$4.5 billion), versus KRW3.01 trillion, in the year-ago period. It expects sales to rise 12% to KRW47 trillion from KRW41.87 trillion. Analysts were expecting an operating profit of KRW4.56 trillion on sales of KRW44.96 trillion.