Samsung Electronics Expects Third-Quarter Operating Profit to Be Its Highest Ever

The company’s prior record operating profit is 15.64 trillion won, set during the first three months of the year

SEOUL--Samsung Electronics Co. expects third-quarter operating profit will be its highest ever, topping analyst estimates as demand for its electronic components remains high.

The world’s largest smartphone and semiconductor maker Friday said it expected an operating profit of 17.5 trillion South Korean won ($15.4 billion) for the quarter, up 20% from 14.53 trillion won a year earlier. Samsung expects revenue will increase to 65 trillion won from 62 trillion won.

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