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Sunday, July 7, 2013

Samsung anticipates record quarterly operating profit

Samsung Electronics has published estimated financial figures for the second quarter of 2013, with formal results expected in a few weeks.

Sales for Q2 2013 are expected to reach approximately 57 trillion Won (£3.5 billion), with operating profit of approximately 9.5 trillion Won (£5.6 billion).

However, the figures weren’t as high as some analysts anticipated. Samsung’s share price dropped after the results were announced.

[More details: BBC News; guardian.co.uk; CNET.com]

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