Thursday 7 July 2016

Samsung flags big jump in profit on strong S7 sales

SEOUL: Samsung Electronics on Thursday flagged its biggest operating profit in more than two years, boosted by cost-cutting efforts and solid sales of its latest flagship smartphone.The South Korean electronics giant -- also the world's top handset maker -- predicted an operating profit of 8.1 trillion won ($7 billion) in April-June, up 17 percent from a year ago.It is the company's biggest operating profit since the first quarter of 2014 and beat the average estimate ..

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