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Wireless

Samsung grows Q2 profit 48%

Friday 27 July 2012 | 04:35 CET | News
Samsung Electronics saw its second-quarter net profit grow 48 percent year-on-year to KRW 5.19 trillion. The company's sales rose 21 percent year-on-year to KRW 47.60 trillion, and operating profit surged 79 percent to KRW 6.72 trillion. The company's telecom division grew quarterly sales 60 percent year-on-year to KRW 24.04 trillion, and the division's operating profit was up 145 percent to KRW 4.19 trillion. While Samsung did not release figures on how many phones it sold, the company said smartphone demand grew in the low single digits versus Q1 and feature phones were down slightly

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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