Samsung Electronics in its earnings guidance for quarter ended June 2020 has indicated around 23 per cent year on year rise in its operating profit. As per the company the operating profit is indicated to increase to approx. 8.1 trillion Korean Won (KRW) as against KRW 6.60 trillion an year ago.
The company’s chip sales and data centre business catering for a work-from-home economy during the coronavirus pandemic has helped in offseting weak demand for smartphones and TVs. Meanwhile, one-off gains from its display business, which counts Apple as a customer, also boosted profits.
The, consolidated sales are expected to stand at KRW 52 trillion during quarter ended June 2020.