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Samsung Electronics expects its Q4 operating profit to grow 63.8 percent year-on-year to KRW 15.1 trillion (USD 14.1 billion), according Telecompaper. That compares to KRW 9.2 trillion in the fourth quarter of 2016, Samsung said in its preliminary report. Sales are expected to reach KRW 66 trillion for the three months ended 31 December 2017, which represents an increase of 23.8 percent year-on-year.

For the 12 months of 2017, Samsung predicted its operating profit would jump 83.3 percent to KRW 53.6 trillion. Full-year sales were expected to amount to KRW 239.6 trillion, up 18.7 percent from KRW 201.9 trillion in 2016, Samsung said.

Samsung did not provide financial details for business divisions. The company will release a detailed financial report later this month.