Seoul - South Korea's Samsung Electronics Tuesday estimated it made a record quarterly operating profit of $3.5bn in July-September.
The company, the world's top maker of memory chips and flat TV screens, said in a statement it estimates consolidated operating profit for the third quarter at 4.1 trillion won ($3.5bn).
This would exceed its previous record quarterly operating profit of 4.0 trillion won in the first quarter in 2004. It compares with 1.48 trillion in the third quarter of 2008.
Consolidated sales for the third quarter are estimated at 36 trillion won, up from 30.27 trillion a year earlier, the company said in a statement.
Samsung was providing earnings guidance ahead of its official quarterly earnings announcement on October 30.
They expect earnings growth to slow in the current quarter due to the strengthening local currency and seasonally higher marketing costs.
"Samsung Electronics' outlook looks good," said Lee Kyoung-Min, an analyst at Woori Investment and Securities. "But the guidance comes in line with expectations, so it's not a surprise."
- AFP