SEOUL (Reuters) – Samsung Electronics Co Ltd reported a likely 11% jump in quarterly operating earnings on Thursday as lingering demand for its memory chips from server customers offset lower sales to inflation-hit smartphone makers.
The world’s largest memory-chip and smartphone maker estimated its profit rose to 14 trillion won ($10.73 billion) in the three months ended June 30 – its highest second-quarter profit since 2018 – from 12.57 trillion won a year earlier.
($1 = 1,304.4400 won)
(Reporting by Joyce Lee; Editing by Himani Sarkar)
