The Korea Herald

지나쌤

[URGENT] Samsung Electronics estimates Q3 operating profit at US$6.98b

By 김화균

Published : Oct. 7, 2016 - 08:43

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[THE INVESTOR] South Korean tech giant Samsung Electronics predicted on Oct. 7 that it's third-quarter earnings in 2016 may reach 7.8 trillion won (US$6.98 billion). 

It is a 5.55 percent rise on year amid the still ongoing global recall of the Galaxy Note 7 smartphone with a faulty battery.

Compared with the previous quarter, the July-September period profit is estimated to fall 4.18 percent. 

Sales are estimated to fall 5.19 percent on year to 49 trillion won

(theinvestor@heraldcorp.coM">theinvestor@heraldcorp.com)