Samsung Q2 profit remains in recovery track

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Xinhua, Seoul :
Earnings of Samsung Electronics, the world’s largest maker of memory chips, flat screens and smartphones, remained in a modest recovery track for the second quarter after bottoming out in the third quarter of last year, the company said Tuesday.
Preliminary figure for operating profit was 6.9 trillion won (6. 1 billion U.S. dollars) during the April-June period, up 15.38 percent from the previous three-month period, the South Korean tech behemoth said in a statement.
From a year earlier, it was down 4.03 percent.
The second-quarter revenue was estimated at 48 trillion won, up 1.87 percent from the prior quarter. It was down 8.1 percent from a year ago.
Samsung’s operating profit got back on a recovery track in the past three quarters after bottoming at 4.06 trillion won in the third quarter of last year.
The profit was 5.29 trillion won in the fourth quarter, before recording 5.98 trillion won in the first quarter and 6.9 trillion won in the second quarter.

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