Samsung Electronics on Friday said it was expecting record operating profits of about 14.5 trillion Korean won ($12.8 billion) for the September quarter, seeing a massive jump of almost 179 percent from the same period a year earlier.
Revenue likely rose 29.7 percent from a year earlier to 62 trillion won, Samsung said in a regulatory filing.
Shares of Samsung Electronics closed at 2,740,000 won Thursday, up 0.29 percent from the previous session.
Buhari Seeks N'Assembly Approval for $5.5bn External Loans
He said the Act also provided for domestic borrowing of N1.254tn and external borrowing N1.067tn (about USD3.5bn). Bukola Saraki on Tuesday in Abuja.
The record profits are likely backed by a recovered mobile division - the well-received Galaxy Note 8 began sales last month - and the continuing high-demand for its memory chips.
The South Korean company did not elaborate on its performance and will disclose detailed earnings in late October. Pre-orders for the Note 8 hit the highest-ever for the Note series, Samsung previously said. Growing sales of organic light-emitting diode (OLED) smartphone screens for new Apple smartphones also have supported forecasts of a new earnings record in the fourth quarter.
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