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Samsung Electronics Posts Preliminary Q2 Operating Profit of $64.7 Billion, Up 1,810%
Korea Economic Daily
Summary
- Samsung Electronics said in a filing that it posted preliminary consolidated operating profit of $64.7 billion for the second quarter.
- It said second-quarter revenue was $123.8 billion, up 129.31% from a year earlier.
- It said second-quarter operating profit topped the market forecast of $61.1 billion.
Samsung Electronics Co. said in a filing on July 7 that its preliminary second-quarter consolidated operating profit was 89.4 trillion won ($64.7 billion), up 1,810.26% from a year earlier.
Revenue rose 129.31% from a year earlier to 171 trillion won ($123.8 billion). Compared with the previous quarter, revenue increased 27.74% and operating profit climbed 56.21%.
The operating profit figure topped market expectations. Hankyung's Epic AI consensus had projected second-quarter operating profit at 84.3951 trillion won ($61.1 billion).
Hong Min-seong, Hankyung.com reporter mshong@hankyung.com
Korea Economic Daily
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