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Samsung Electronics Posts All-Time High Performances in Q2

Written: 2017-07-27 11:28:16Updated: 2017-07-27 14:40:15

Samsung Electronics Posts All-Time High Performances in Q2

Samsung Electronics has posted record high performances in all areas of sales, operating profit and net profit in the second quarter.
 
The South Korean tech giant said on Thursday it posted 61 trillion won, or 54-point-eight billion U.S. dollars, in sales and 14-point-07 trillion won in operating profit in the April-June period.
 
The operating profit jumped by 72-point-nine percent from the same period last year to surpass the previous record high, ten-point-16 trillion won, posted in the third quarter of 2013.
 
It means the company earned 152-point-nine billion won every day over the three-month period.
 
Sales increased by 19-point-seven percent from the second quarter last year to surpass 60 trillion won for the first time. Compared with the first quarter, sales rose 20-point-one percent.
 
The net profit stood at eleven-point-05 trillion won, up by 43-point-nine percent from the first quarter.
 
The ratio of operating profit to sales was 16 percent in the second quarter last year, but it gained seven-point-one percentage points in a year to 23-point-one percent, also a record high.
 
By segment, Samsung earned more than half of its operating profit from the semiconductor business, at eight-point-03 trillion won, renewing a record of six-point-31 trillion won previously set in the first quarter.
 
Market observers say the company will be able to keep the momentum going in the third quarter thanks in part to the increases in prices of dynamic random-access memory(DRAM) and NAND flash chips

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