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Friday, October 5, 2012

Samsung prepares for record quarterly profits

Samsung Galaxy Note II

Samsung Electronics has announced its earnings guidance for the third quarter of 2012. These figures are regularly revealed a few weeks ahead of the formal quarterly results announcement.

Consolidated sales are expected to be around 52 trillion Korean won (£29 billion), while consolidated operating profit is predicted to be around 8.1 trillion Won (£4.5 billion) - up approximately 90% year-on-year and potentially a new quarterly record.

Audited quarterly results are due to be published at the end of the month.

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Author: The Fonecast
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