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UPDATE 1-Samsung Elec sees Q2 op profit of up to 2.6 trln won

Sun Jul 5, 2009 8:24pm EDT

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* Expects Q2 consolidated op profit of 2.2-2.6 trln won

* Sees Q2 sales 31-33 trln won, up from Q1 2009, Q2 2008

* Shares jump on guidance

SEOUL, July 6 (Reuters) - Samsung Electronics Co Ltd (005930.KS), the world's top maker of memory chips and flat screen TVs, said on Monday it expected to post a consolidated operating profit of 2.2 trillion-2.6 trillion won ($1.74 billion-$2.05 billion) in the April-June quarter.

Second-quarter consolidated sales are estimated at 31 trillion-33 trillion won, Samsung said in a filing to the Korea Exchange.

Shares in Samsung Electronics were up 3.83 percent at 624,000 won as of 0014 GMT, outpacing the wider market's 0.15 percent rise.

It was the first time ever earnings guidance was provided by Samsung, which is set to report second-quarter earnings on July 24.

The operating profit range represents a significant jump from the previous quarter's operating profit of about 470 billion won, and is comparable to the 2.38 trillion profit posted in the second quarter of 2008.

According to Reuters Estimates, Samsung is forecast to post 1.18 trillion won in second-quarter net profit. No market consensus data is available for consolidated operating profit and revenue.

The second-quarter sales forecast provided by Samsung compares with 28.67 trillion won posted in the first quarter and 27.4 trillion won in the second quarter of 2008.

($1=1265.7 Won)

(Reporting by Rhee So-eui and Marie-France Han; Editing by Jonathan Hopfner)



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