Samsung Electronics has announced its financial guidance for the third quarter of 2012, with operating profits set to hit a new record high for a fourth consecutive quarter.
Samsung estimated third-quarter operating profits at KRW7.9-8.3 trillion (US$7.11-7.47 billion), compared with the KRW6.72 trillion reported for the second quarter and KRW4.25 trillion for third-quarter 2011. Consolidated revenues are projected to reach KRW51-53 trillion, also showing increases compared to the KRW47.6 trillion registered in the prior quarter and KRW41.27 trillion a year ago.
Samsung's consolidated sales and operating profits both hit record highs in the second quarter of 2012, with its mobile communications business making a significant contribution. Operating profits at Samsung's mobile communications division jumped 124% from a year earlier in the second quarter, buoyed by robust sales of Samsung Galaxy smartphones.
Samsung previously indicated that its smartphone sales would remain strong in the third quarter. In addition, the company's system LSI division is set to register solid sales growth in the quarter, thanks to growing sales generated from its advanced process manufacturing targeting mobile application processors and CMOS image sensors used for high-end mobile products.
Source: Digitimes
