FX.co ★ Samsung Sees Q3 Operating Profit, Sales To Surge

Samsung Electronics Co Ltd, listed under SMSN.L, SSNNF.OB, and SSNLF.OB, anticipates a remarkable increase in its third-quarter operating profit, forecasting a surge of approximately 274.49% compared to the previous year. The company also predicts a 17.21% rise in quarterly sales.

The South Korean technology leader estimates an operating profit of around 9.10 trillion Korean won for the third quarter, a significant leap from the 2.43 trillion won reported during the same period last year. This follows an operating profit of approximately 10.44 trillion won recorded in the second quarter.

Additionally, Samsung forecasts third-quarter consolidated sales to reach roughly 79.00 trillion won, up from 67.40 trillion won a year earlier. In the preceding quarter, the company reported consolidated sales of about 74.07 trillion won.

The detailed earnings results for the third quarter are scheduled for release later this month.