October 14, 2016 / 12:21 AM / 9 months ago

Samsung Elec shares up after it sees more profit hit from Note 7

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SEOUL, Oct 14 (Reuters) - Shares of Samsung Electronics Co Ltd traded slightly higher on Friday morning after the South Korean electronics giant said it expected to take a greater profit hit from the demise of its fire-prone Galaxy Note 7 smartphones.

Samsung shares were up 0.8 percent as of 0008 GMT, versus the wider market's 0.6 percent gain.

Samsung said it expected to take a hit to its operating profit of about $3 billion over the next two quarters due to the discontinuation of the Note 7. (Reporting by Hyunjoo Jin; Editing by Stephen Coates)

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