Samsung Electronics says Q2 operating profit likely rose 5.2% y-o-y

[SEOUL] Samsung Electronics Co Ltd on Friday said its second-quarter operating profit likely rose 5.2 per cent from a year earlier, missing analyst estimates.

Its sluggish mobile business pressured strong margins from its chip sales, analysts have said.

Samsung, in a regulatory filing, said April-June profit was likely 14.8 trillion won (S$18.06 billion), below the 14.9 trillion won average of 18 analyst estimates in a Thomson Reuters poll.

Revenue likely fell 4.9 per cent from a year earlier to 58 trillion won.

The firm did not elaborate on its performance and will disclose detailed earnings in late July.

REUTERS