[EQUITIES] NH Investment estimates Samsung’s Q3 operating profit at over W7tr
Sept 13, 2016
[THE INVESTOR] NH Investment and Securities on Sept. 13 predicted that Samsung Electronics’ third-quarter operating profit will stand at about 7.4 trillion won (US$6.7 billion). The securities firm estimated the recent recall of the Galaxy Note 7 Note could cost the Korean tech giant 1.2 trillion won in the July-September period alone. The operating profit of the mobile business division will drop to 2.7 trillion won, the firm said. “The Note recall would affect the fourth-quarter earnings negat