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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Samsung estimates big rise in Q2 profit AFP - Monday, July 6 SEOUL (AFP) - - South Korea's Samsung Electronics said it expects second-quarter operating profit of 2.2-2.6 trillion won (1.7-2 billion dollars), a sharp increase from the first quarter. The firm, the world's largest maker of computer memory chips, was for the first time providing earnings guidance ahead of its official quarterly earnings announcement on July 24. The company said it expects second-quarter revenue of 31-33 trillion won. Both figures are on a consolidated basis, which includes results from overseas subsidiaries. Samsung reported consolidated revenue of 28.7 trillion won and operating profit of 470 billion won in the first quarter. The firm said it plans to provide quarterly earnings guidance in future to minimise market speculation and enhance transparency. The company, the flagship of South Korea's biggest business group, had consolidated sales of 96 billion dollars last year and employs 164,600 people in 61 countries. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business GLOBAL MARKETS-Caution rules on world economy before G8Reuters - Monday, July 6 JGB 10-year yield hits 3-month low on recovery doubtsReuters - Monday, July 6 China menswear designer Lilang eyes $100 mln HK IPO-reportReuters - Monday, July 6 RPT-BRIEF-Bemis to buy Rio's Alcan packaging unit for $1.2blnReuters - Monday, July 6 BRIEF-Moody's sees neg otlk for Korea non-life insurance sectorReuters - Monday, July 6 Enlarge Photo Samsung estimates big rise in Q2 profit Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed The daily grind: Sex for a week boosts sperm quality Harry Potter's nemesis revels in hard-edged new film Schwarzenegger declares emergency in California Jackson fans told to stay away as tickets up for grabs Questions mount over Jackson animal kingdom View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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