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Samsung expects 48% jump in Q1 profits

dpa logodpa 7/04/2017

Samsung expects a 48 per cent jump in its first quarter operating profit, its second-highest quarterly profit since 2013.

South Korean technology giant Samsung says it expects first-quarter earnings that would, if realised, give the company a 48 per cent year-on-year increase in profit.

Samsung provided earnings guidance that predicted consolidated operating profit of about 9.9 trillion won ($A11.5 billion) for the first quarter, according to a company news release.

That would be the second-highest quarterly operating profit for Samsung, after a high of 10.1 trillion won in the third quarter of 2013, the Yonhap news agency reported.

Samsung also predicted consolidated sales of about 50 trillion won for the first quarter, according to the company's Friday guidance.

The Korean smartphone maker is expected to announce its finalised earnings figures later in April, Yonhap said.

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