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Samsung Electronics announced today that it expects to post consolidated sales of 49 trillion won and an operating profit of 7.8 trillion won ($7 billion) against an estimate of 7.4 trillion won. There appears to be no major visible financial impact of the Galaxy Note 7 and analysts suggest that improved performance of the chip and display business have helped absorb that shock. Samsung's Q3 2016 operating profit growth of 5.6 percent is unexpected but will be a welcome development for its investors and shareholders. Samsung is going to release the full results later this month.
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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