(Samsung) Samsung Electronics projects a third-quarter profit of between 15.7 and 15.9 trillion Korean Won, the highest in three years.
The world’s largest memory chip and smartphone company projects the revenue to range between 72-74 trillion Korean Won in the third quarter.
The upgrade in Samsung’s third-quarter results reflects record sales amid a surge in semiconductor prices. Analysts expect computer chips to enter a downcycle in the third quarter.
Samsung reported 63.67 trillion Korean Won and 12.7 trillion Korean Won in sales and operating profit, respectively in Q2 2021. Sales and operating profit in Q3 2020 were 66.96 trillion Korean Won and 12.35 trillion Korean Won, respectively.
005930: KRX is down -0.14%.
