Samsung estimates it will lose $5.3 billion in profits due to the production termination and global recall of its Note 7 smartphone, which is prone to overheating and catching on fire. (Photo: Bloomberg)

The financial burden of Samsung Electronics Co.’s Note 7 crisis is becoming clearer, as South Korea’s largest company tallies the cost of recalling and terminating production of the fire-prone smartphone.

The Suwon-based company disclosed on Friday a negative impact of approximately mid-3 trillion won ($3 billion) on operating profit through March 2017, on top of an already announced $2.3 billion cut for the preceding period.

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