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Samsung Electronics says Q4 operating profit likely up 64%

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Tech giant Samsung Electronics said on Tuesday its fourth-quarter operating profit likely rose 64 per cent from a year earlier, falling short of market expectations.

[SEOUL] Tech giant Samsung Electronics said on Tuesday its fourth-quarter operating profit likely rose 64 per cent from a year earlier, falling short of market expectations.

Samsung said its October-December profit was likely 15.1 trillion won (S$18.84 billion), compared with an average forecast of 15.9 trillion won from a Thomson Reuters survey of 17 analysts.

Revenue was estimated to have increased 24 per cent to 66 trillion won, Samsung said in a regulatory filing.

The South Korean company did not elaborate on its performance and will disclose detailed earnings in late January.

REUTERS

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