Samsung Growth Forecast At 85%

Consumer electronics giant, Samsung Electronics Co, could post a massive 85 per cent growth rate in its second-half operating profit compared with the six months previous if Goldman Sachs is to be believed.

The global investment banking and securities firm forecast the figure to the press today, touting flash memory (Samsung is the world’s largest computer memory chip-maker) and LCD sales as the two pivotal financial contributors.

Goldman Sachs said the manufacturer will most likely post profits of $5.1 billion for the six-month period from July to December this year.