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Samsung Electronics, LG forecast 40% leaps in Q1 operating profits – Japan Today

South Korea’s two biggest electronics firms both forecast jumps of around 40 percent in their first-quarter operating profits Wednesday, with coronavirus-driven…

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South Korea’s two biggest electronics firms both forecast jumps of around 40 percent in their first-quarter operating profits Wednesday, with coronavirus-driven working from home fuelling global demand for semiconductors and home appliances.
Tech behemoth Samsung Electronics said in an earnings estimate that it expected operating profits of 9.3 trillion won ($8.3 billion) for January to March, up 44.2 percent from a year earlier, largely driven by robust sales of smartphones and the launch of its…

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