Samsung Electronics flags Q2 operating profit of $7 bn

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Samsung Electronics flags Q2 operating profit of $7 bn

Seoul (AFP) – Samsung Electronics on Thursday flagged a better-than-expected profit for the second quarter, boosted by cost-cutting efforts and solid sales of its latest flagship smartphone.

In an earnings estimate, the South Korean electronics giant — also the world’s top handset maker — predicted an operating profit of 8.1 trillion won ($7 billion) for April to June, up from 6.9 trillion won a year ago.

Samsung Electronics flagged a better-than-expected profit for the second quarter, boosted by cost-cutting efforts and solid sales of its latest flagship smartphone
Copyright AFP/File Jung Yeon-Je

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