[EQUITIES] NH Investment estimates Samsung’s Q3 operating profit at over W7tr

[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 negatively but upbeat sales of chips and displays could fill up the loss,” the firm said, predicting Samsung’s earnings would improve from next year.

By Lee Ji-yoon (jylee@heraldcorp.com)