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Samsung predicts record profits

5 October 2012 Last updated at 15:34 BST

Samsung Electronics has estimated record profits in the three months to September, led by strong sales of its Galaxy smartphones.

The South Korean company said it expects operating profits of 8.1 trillion won ($7.3bn; £4.5bn), nearly double last year's figure.

The estimates beat analyst expectations sending Samsung shares 1.5% higher.

Jeremy Howell reports.