Samsung Electronics has estimated third-quarter operating profits at KRW4.2 trillion (US$3.6 billion), down 13.6% from the KRW4.86 billion posted in the same quarter of 2010. The company did not elaborate on reasons for the decline.

Consolidated revenues for the third quarter of 2011 are likely to reach KRW40-42 trillion, compared to KRW40.23 trillion a year earlier, according to Samsung.

On a sequential basis, however, both revenue and profit estimates show growth from the prior quarter. Samsung reported KRW39.44 trillion in sales and KRW3.75 trillion in operating profits for the second quarter of 2011.

By: DocMemory
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