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Last updated: October 7th, 2015 at 09:43 UTC+02:00
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The company expects to have brought in 7.3 trillion won or $6.27 billion in operating profit in Q3 2015 on sales of 51 trillion won or $43.8 billion. If these are confirmed as final figures it would mean that Samsung is back to profit growth after quite a few quarters where it saw profits declining. Samsung brought in revenue of 47.4 trillion won during the same time last year with profits standing at 4.1 trillion won, if its prediction is correct then the company will see a year-over-year profit growth of 78% and revenue growth of about 8%. In its earnings guidance the company didn't reveal what contributed to this potential quarterly profit growth, Samsung might go into the details when it formally announces the quarter's results.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
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