Samsung Elec Q2 profit likely rose 11% on solid server chip demand
SEOUL, July 7 (Reuters) - Samsung Electronics Co Ltd 005930.KS reported a likely 11% jump in quarterly operating earnings on Thursday as lingering demand for its memory chips from server customers offset lower sales to inflation-hit smartphone makers.
The world's largest memory-chip and smartphone maker estimated its profit rose to 14 trillion won ($10.73 billion) in the three months ended June 30 - its highest second-quarter profit since 2018 - from 12.57 trillion won a year earlier. ($1 = 1,304.4400 won)
Reporting by Joyce Lee; Editing by Himani Sarkar
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