Seoul: Samsung Electronics Co. on Tuesday estimated its second-quarter operating earnings at 89.4 trillion won (US$58.5 billion), marking a 1,810.3 percent increase from the same period last year. Revenue also saw a significant rise, increasing by 129.3 percent to reach 171 trillion won. However, the company has not yet released data on its net profit for the quarter.

According to Yonhap News Agency, Samsung's operating profit surpassed expectations, coming in 6.2 percent higher than the average estimate provided by a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency. The final earnings report from Samsung is expected to be released later, providing more comprehensive financial details.