Menu Content
Go Top

Economy

Samsung Electronics Profit Growth Slows in Q2

Written: 2018-07-31 10:05:24Updated: 2018-07-31 10:23:08

Samsung Electronics Profit Growth Slows in Q2

Photo : YONHAP News

Samsung Electronics announced on Tuesday that it raked in 14-point-87 trillion won in operating profit in the second quarter. 

The figure is up five-point-seven percent from the same period last year but down four-point-nine percent compared to the record 15-point-six trillion won posted in the previous quarter. It also marked the first on-quarter decrease in seven quarters.

The electronics giant said that its sales slipped around four percent on-year to 58-point-48 trillion won and thus failed to maintain sales for the fifth straight quarter in the 60 trillion won-range. 

For the entire first half of the year, the firm posted 119 trillion won in sales and 30-and-a-half trillion won in operating profit. 

The company said it had injected eight trillion won in the second quarter and nearly 16 trillion won in the first half toward facility investment.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >