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Samsung flags 80% surge in operating profit

Sales of the Galaxy S6 - the latest edition of its top-of-the-range handset, launched in April - failed to generate much excitement. But chips and displays have enjoyed brisk business.


SOUTH Korea's Samsung Electronics flagged a nearly 80 per cent jump in quarterly profit on Wednesday, as sales of chips and displays offset stiff competition in smartphones from Apple and cheaper Chinese rivals.

The stellar earnings forecast sent shares soaring 8.7 per cent