Samsung Electronics has announced its financial guidance for the fourth quarter of 2012, with operating profits set to hit a new record high for a fifth consecutive quarter.

Samsung estimates fourth-quarter operating profits at between KRW8.6 trillion (US$8.1 billion) and KRW9 trillion, compared with the KRW8.12 trillion reported for the third quarter. Consolidated revenues are projected to reach KRW55-57 trillion, up from the KRW52.18 trillion registered in the prior quarter.

Samsung reported record operating profits and revenue growth for the third quarter of 2012, crediting the positive performance to increased sales of handheld phones and stronger demand for display panels.