Posted : 2021-07-29 10:28
Samsung Electronics building in Seocho-dong, southern Seoul / Yonhap
Samsung Electronics on Thursday reported robust second-quarter earnings on the back of its semiconductor business and a one-off gain from its display panel business.
Its net profit stood at 9.63 trillion won ($8.3 billion) in the April-June period, up 73.4 percent from a year earlier, the world s largest memory chip and smartphone vendor said in a regulatory filing.
Its second-quarter operating profit jumped 54.3 percent on-year to 12.56 trillion won, the largest since the third quarter of 2018, while sales rose 20.2 percent on-year to 63.67 trillion won over the cited period, the largest for any second quarter to date.
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Samsung sees chip recovery in Q2 after strong Q1 results
By IANS |
Published on
Thu, Apr 29 2021 9:33 IST |
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Samsung. (File Photo: IANS). Image Source: IANS News
Seoul, April 29 : Samsung Electronics on Thursday expected its semiconductor business to rebound in the current quarter following mediocre performance, although its mobile unit is projected to suffer a profit decline after spearheading its strong first-quarter earnings.
Samsung s net profit stood at $6.4 billion in the January-March period, up 46.2 per cent from a year earlier, the world s largest memory chip and smartphone vendor said in a regulatory filing.
Its operating profit jumped 45.5 per cent on-year to 9.38 trillion won in the first quarter of the year. Sales rose 18.2 per cent on-year to 65.38 trillion won, the largest-ever figure for any first quarter.