Samsung Electronics posts record-high operating profit in Q2_Economy_Asia Pacific Daily

To download APD News app

1. Please scan the QR Code 2. Download and install APD News App

Samsung Electronics posts record-high operating profit in Q2

Economy2017-07-07

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.

1499394737522844.png

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.

Hot Recommended

  • China: Grieving mother confronts murdered daughter's former roommate

  • Indonesia frees hostages from separatist group’s custody in Papua

  • China’s giant energy firm keen to expand cooperation with Indonesia

  • EU silence over Catalan leader's call for action speaks volumes

  • Pakistan:Honda criticized for blaming fuel quality for vehicle’s failure

  • China reaches agreement with WHO on fight against cancer