Samsung expects another bump in its operating profit in the second quarter, the latest in a string of strong financial performances from the electronics giant.
The Korea-based company on Wednesday predicted its operating profit for the three-month period ended June 30 would come in around 14 trillion won ($10.7 billion), an increase of about 11% compared with the same time period last year. It also said it expects its revenue to increase by nearly 21%, to 77 trillion won ($58.9 billion).
Samsung’s estimates are on par with its first-quarter results, when iton strong sales of memory chips and its latest flagship phones.
The earnings guidance, released ahead of full earnings later this month, didn’t provide specific divisional results.