India, Oct. 8 -- South Korean tech major Samsung Electronics Co. Ltd. (SSNLF,005930.KS) Thursday announced that it projects significantly higher operating profit in its third quarter with strong sales growth, amid the soaring demand for AI.
For the third quarter, the company projects operating income of 107.40 trillion Korean won, a growth of 782.50 percent from last year's 12.17 trillion won. Sequentially, operating income would grow 20.01 percent from 89.49 trillion won in the preceding second quarter.
Quarterly consolidated sales are expected to increase 126.6 percent to 195.00 trillion won from 86.06 trillion won last year. Sequential sales growth would be 13.70 percent from 171.50 trillion won recorded in the second quarter.
For the...