Samsung Q2 results up on growth in high-end smartphones

Thursday 28 July 2016 | 08:18 CET | News
Samsung Electronics reported a strong increase in second-quarter results, led by the success of its high-end smartphones, and said it expects demand to improve further in the second half of the year. In line with its preliminary report, Samsung said sales rose 5 percent year-on-year to KRW 50.94 trillion, and operating profit was up to KRW 8.14 trillion from KRW 6.90 trillion a year ago. Net profit increased to KRW 5.85 trillion from KRW 5.75 trillion. Sales growth was strongest at its semiconductor division, up 6 percent to KRW 12.00 trillion, while mobile remained the largest division, up 2

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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