Samsung Electronics is expecting a record operating profit of 5.1 billion US dollars (£3.2 billion) for the first quarter of this year. The Suwon, South Korea-based company said today the result would be a 97% rise from its operating profit a year earlier.
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Samsung did not provide details but the company's smartphone and TV businesses have reportedly had strong sales growth in recent months.Samsung estimated that its first quarter sales rose 21.6% from a year earlier.
The company said its estimates are a guide for investors and should not be seen as an actual earnings report. Samsung is the world's biggest manufacturer of memory chips and liquid crystal displays.
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