Samsung Electronics expects record operating profit

Seoul, July 6 (IANS) Samsung Electronics estimated Friday its operating profit for the second quarter to set a new record quarterly high.

The preliminary operating profit unveiled by Samsung was estimated at 6.7 trillion won ($5.89 billion) in the April-June period, up 78.67 percent from a year earlier, and topping the previous record high of 5.85 trillion won tallied in the prior quarter, reported Xinhua.

Sales were estimated at 47 trillion won ($41.34 billion) in the three months ending June 30, up 19.17 percent from a year before. The figure was up 3.82 percent from three months earlier.

Samsung did not unveil its estimate for net profit and a breakdown of each division. The final results will be announced later this month after auditing and the approval of board of directors.