Samsung Electronics on July 7 projected a record second-quarter operating profit of 89.4 trillion won on sales of 171 trillion won, driven by strong demand for artificial intelligence chips.
Samsung Electronics estimated its April-June operating profit at 89.4 trillion won, up sharply from a year earlier and exceeding its first-quarter record of 57.23 trillion won. This marks a third straight quarter of record results.
The company noted that the figure includes about 20 trillion won in provisions for employee bonuses. Excluding those, operating profit would reach around 100 trillion won.
Seoul shares opened lower, with Samsung Electronics stock falling 5.6 percent and the KOSPI dropping 3.7 percent. The firm will release full results later this month.
