Moscow. 7 Oct. INTERFAX.RU Korean electronics manufacturer Samsung Electronics estimates its operating profit in the third quarter, approximately at the level of 7.8 trillion won (nearly $ 7 billion), according to a preliminary report.
Thus, profit will increase by 5.55% in annual terms, despite a large-scale review of the Galaxy Note 7, entered the market in August. Profit growth was supported by strong sales of NAND flash memory and displays. A recent poll of analysts by FnGuide showed that the market had forecast an operating profit of Samsung Electronics in the third quarter at the level of 7.67 trillion won.
the Revenue estimates of the company, declined in July-September by 5.19 percent to 49 trillion won. Samsung Electronics started selling the Galaxy Note 7 in South Korea, 19 August, but in September was forced to suspend the implementation of these smartphones around the world and to withdraw the 2.5 million already sold devices due to reports of fire. Analysts believe that the withdrawal of the products from the market will cost Samsung about 1 trillion won.
Samsung Electronics will release final financial report for the third quarter, including data about net income and segment results, October 27. The company’s shares in trading in Seoul on Friday rose by 0.9%. With the beginning of the year capitalization of Samsung Electronics rose 35.4% to of 241.7 trillion won (about $ 216 billion).
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