Samsung Electronics sees massive operating profit

South Korea’s Samsung Electronics Friday reported a record second-quarter operating profit of 5.01 trillion won (4.2 billion dollars), an 88 percent rise on the same period last year.

Samsung, the world’s largest maker of memory chips and flat-screen TVs, said net profit in April-June was also a record at 4.28 trillion won, an 83 percent rise from a year earlier. Sales rose 17 percent to 37.89 trillion won.

South Korea’s biggest company, which consolidates its figures to cover overseas affiliates, said in a statement that its increased profitability was driven by “significant improvements” in the components businesses.

The semiconductor business achieved an operating profit of 2.94 trillion won while the LCD business recorded an operating profit of 880 billion. – AFP

Tags: Samsung Electronics, Samsung Vietnam, Vietnam electronics

Posted by VBN on Jul 30 2010. Filed under Appliances & Electronics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry