Samsung Sees Road to Recovery Ahead

Samsung Electronics said Tuesday that profit likely surged in the third quarter on higher sales, amid a brightening outlook for the world’s largest manufacturer of computer memory chips and flat screen televisions. The Suwon, South Korea-based corporation expects to record a consolidated operating profit of between $ 3.34 billion and $3.67 billion for the three months ended Sept. 30, it said in a statement. Samsung recorded consolidated operating profit of $1.27 billion in the same period last year.

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