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SAMSUNG ELEC'S Q2 NET PROFIT FORECAST TO FALL BELOW US$826 MLN.
SEOUL, June 2 Asia Pulse - Samsung Electronics Co. (KSE:05930), the world's largest memory chip maker, announced Sunday its projected second quarter net profit could post below 1 trillion won (US$826 million).
"With both the external and domestic business environments worsening in April and June, sales and net profit are falling far short of expectations," an SEC official said. "It would be difficult for SEC to achieve net profits exceeding 1 trillion won should the trend continue."
Should the projections be accurate, it would be the first time in 18 months SEC's quarterly net income has fallen below 1 trillion won. In the fourth quarter of 2001, the company posted a net profit of 402.5 billion won.
SEC recorded a net profit of 1.13 trillion won in the first quarter of this year. The company's ...
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Source: HighBeam Research, SAMSUNG ELEC'S Q2 NET PROFIT FORECAST TO FALL BELOW US$826 MLN.