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Economy

Samsung Electronics posts record-high operating profit in Q2

Xinhua News Agency | Fri,2017-07-07

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Samsung Electronics posted its record-high operating profit in the second quarter, logging a double-digit growth compared with a year earlier, the company said Friday.

Preliminary figure for operating profit was 14 trillion won (12.1 billion U.S. dollars) in the April-June quarter, up 72 percent from a year earlier.

It surpassed the previous record high of 10.16 trillion won tallied in the third quarter of 2013. The figure also topped market expectations of about 13.2 trillion won.

Revenue increased to 60 trillion won in the second quarter from 50.94 trillion won registered a year ago.

Net income and detailed profits of each business will be disclosed later this month after external audits.