Samsung expects its operating profit to increase by 23% in the second quarter


direct: “Samsung” Electronics expects to achieve a 23 percent increase in operating profit during the second quarter of this year.

The company, which works in the manufacture of smartphones, said during a statement released on Tuesday that it is likely to record operating profits of 8.1 trillion South Korean won (6.8 billion dollars) during the three months ended last June.

These operating profits would be higher than analysts’ expectations of 6.4 trillion won, and would be the largest since the last quarter of 2018.

The operating profit of the South Korean technology company increased by about 3.4 percent in the first three months of the year on an annual basis.

Samsung’s revenue is likely to drop nearly 7 percent year-on-year in the last quarter to 52 trillion won ($ 43.6 billion), according to the company’s forecast for quarterly performance.

Home work orders and increased online learning have undermined demand for chips amid the Corona pandemic.

By the end of today’s session, the share of “Samsung Electronics” fell by about 2.9 percent.


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