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[EQUITIES] NH Investment estimates Samsung’s Q3 operating profit at over W7trBy 이지윤
Published : Sept. 13, 2016 - 13:44
The securities firm estimated the recent recall of the Galaxy Note 7 Note could cost the Korean tech giant 1.2 trillion won in the July-September period alone.
The operating profit of the mobile business division will drop to 2.7 trillion won, the firm said.
“The Note recall would affect the fourth-quarter earnings negatively but upbeat sales of chips and displays could fill up the loss,” the firm said, predicting Samsung’s earnings would improve from next year.
By Lee Ji-yoon (email@example.com)
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