Samsung profits up strongly on smartphone growth

Friday 26 July 2013 | 08:52 CET | News
Samsung Electronics has reported a strong increase in second-quarter profits, led by its expansion in the mobile market. The company's net profit jumped to KRW 7.77 trillion from 5.19 trillion a year earlier. Operating profit rose to KRW 9.53 trillion from KRW 6.46 trillion, and sales improved to KRW 57.46 trillion from KRW 47.60 trillion, in line with Samsung's earlier guidance. At the mobile division (IM), revenues improved to KRW 35.54 trillion from KRW 23.36 trillion a year ago. Samsung said the handset market was seasonally weak, with only a low single-digit increase in the smartphone

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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