Samsung estimates an increase in profit thanks to the good performance of the Galaxy S7

The South Korean firm announced a profit in the April-June period of £5,261 million, representing an increase of 17.3% over the same quarter last year.

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Samsung Electronics estimated an operating profit in the period from April to June of 8.1 trillion won (5,261 million pounds), representing an increase of 17.3% over the same quarter last year. The figure also exceeds by 20.8% the previous quarter from January to March this year, according to provisional results presented by the company.

Sales of the South Korean electronics giant reached and according to the estimate, an increase of 3% in annual terms. This is the first time in more than two years since the first quarter of 2014, in which the operating profit of Samsung Electronics is above the 8 trillion wones.

In addition, the figure has exceeded any expectancy, which estimated an average of 7.3 trillion wones (£4,742 million), according to data provided by the local agency Yonhap. The increase profits and sales of Samsung in the second quarter coincides with the March release of the high-end Galaxy S7 and its version of curved edges S7 Edge, who are apparently being well received in the market compared to previous Galaxy models.