Samsung Electronics reported on Thursday preliminary earnings for its fiscal third quarter, forecasting operating profit to exceed 100 trillion won for the first time.
At current exchange rates, 100 trillion won is equivalent to roughly $80 billion, representing a record profit level for the South Korean conglomerate.
Samsung, headquartered in Suwon, South Korea, is one of the world’s largest manufacturers of semiconductors, smartphones and consumer electronics, and is the country’s most valuable publicly listed company.
The company said the outlook reflects its performance to date in the quarter, but it did not disclose detailed revenue figures or the specific drivers behind the growth.
Analysts will closely monitor the full third‑quarter results, slated for release later this month, to see whether the preliminary forecast holds.
<small>Source: CNBC — read the original story there.</small>