Samsung Electronics attributes the predicted increase in second-quarter profits to a one-off profit generated from its display division. – EPA pic, July 7, 2020.
SAMSUNG Electronics today forecast a 23% rise in second-quarter operating profits thanks to strong demand for memory chips and displays, despite the coronavirus pandemic weighing on the global economy. The world’s biggest smartphone and memory-chip maker, in an earnings estimate, said it expects operating profits to be 8.1 trillion won for the April-June period, up from 6.6 trillion won a year ago.
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