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Samsung Electronics’ Q2 Operating Profit Surges 1,813.8% to $64.7 Billion

Source
Korea Economic Daily

Summary

  • Samsung Electronics said second-quarter consolidated revenue rose 130% from a year earlier to $123.9 billion.
  • Operating profit surged 1,813.8% in the same period to $64.7 billion.
  • Samsung said in a preliminary earnings release on July 7 that it had reached revenue of $123.5 billion and operating profit of $64.6 billion.

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A Samsung flag flies outside Samsung Electronics' headquarters in Seoul's Seocho district. Photo: Lee Sol
A Samsung flag flies outside Samsung Electronics' headquarters in Seoul's Seocho district. Photo: Lee Sol

Samsung Electronics reported second-quarter consolidated revenue of 171.4995 trillion won ($123.9 billion), up 130% from a year earlier, according to a filing on July 30 with the Financial Supervisory Service’s electronic disclosure system. Operating profit surged 1,813.8% to 89.4924 trillion won ($64.7 billion).

The company said in a preliminary earnings release on July 7 that it had reached revenue of 171 trillion won ($123.5 billion) and operating profit of 89.4 trillion won ($64.6 billion).

Kim Dae-young, Hankyung.com reporter kdy@hankyung.com

#Earnings Release
#KOSPI
Korea Economic Daily

Korea Economic Daily

hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.

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