Samsung sees Q2 operating profit jump over 50%, sales increase 19%

News Wireless Global 7 JUL 2021
Samsung sees Q2 operating profit jump over 50%, sales increase 19%

Samsung Electronics said it expects to report second-quarter operating profit up around 53 percent year-on-year, to KRW 12.5 trillion. Profits were boosted by a one-time gain at its display unit, the company said. Sales for the quarter rose around 19 percent year-on-year to KRW 63 trillion. 

The preliminary figures are an estimate. Samsung will report full results for the second quarter at the end of July. 

Samsung previously said it expected a seasonal slowdown in the smartphone market in Q2, while demand for its semiconductor products should remain solid. While component shortages were a potential negative factor, the company appears to have weathered any supply chain problems and delivered a strong set of results. 

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Mobile

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Samsung

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Global

Tags:

Components, Devices, Financial figures

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