South Korean tech giant Samsung Electronics (OTC:SSNLF) expects more than 53% growth in Q2 operating profit, driven by strong demand for memory chips and operations resuming at a key US factory.
The company sees sales of ~KRW63T and operating profit of ~KRW12.5T.
Rival LG Electronics, South Korea's second-largest appliance firm after Samsung, expects a 65.5% jump in operating profit for Q2 to KRW1.1T.
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