10/5/2012 2:39:59 PM
Samsung storms to record profits
Samsung is set for another record breaking quarter after predicting its profits could be as much as 8.1tr Korean Won (£4.5bn).
In guidance posted this morning, the manufacturer revealed it was set to break records for the fourth quarter in a row. Its profits were almost double the 4.25tr Won (£2.36bn) it earned during the same quarter in 2011, and up from the 6.72tr (£3.73bn) Korean Won it made in its previous quarter.
Sales are also expected to hit a high of 52tr Korean Won (£28.91bn), up from 41.27tr Won (£22.95bn) last year and 47.60tr Won in its previous quarter.
Editor: Graeme Neill