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Biz News Korea(Eng)
Samsung Elec may post $6.8 bn in Q2 operating income: analysts
- Collected
- 2016.06.29
- Distributed
- 2016.06.30
- Source
- Go Direct
According to market analysis provider FnGuide on Tuesday, average estimates for the company’s second-quarter profit came to 7.2 trillion won with the highest forecast at 7.8 trillion won. Given the strength of the dollar following the British vote to leave the European Union, the company may see a profit over 8 trillion won. Samsung Electronics in the first quarter also benefited 300 billion won from foreign exchange gain.
Product portfolio to increase high-value products helped profit despite decreasing sales, whereas rationalization of manufacturing process brought down production cost as in the case of mid- and low-priced smartphones.
The electronics maker is expected to post 4.5 trillion won in profit from smartphone business alone in the second quarter, according to Lee Jae-yoon, an analyst at Yuanta Securities Korea.
Brisk sales of premium lineup in home appliance helped the related the division.
The semiconductor business would have benefited from delay in upgrading by rivaling manufacturers. The world’s largest memory chipmaker’s share in global semiconductor market is estimated to have increased from the first-quarter share of 39.4 percent.
By Song Sung-hoon and Lee Seung-hoon
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