Samsung Electronics' Q2 profit jumps 72 pct on brisk chip sales

Source: Xinhua| 2017-07-27 08:28:13|Editor: Zhang Dongmiao
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SEOUL, July 27 (Xinhua) -- Samsung Electronics, the world's biggest maker of memory chips, display panels and TVs, posted a double-digit increase in its second-quarter profit thanks to brisk sales of semiconductors.

Operating profit was 14.07 trillion won (12.64 billion U.S. dollars) in the April-June quarter, up 72.72 percent from a year earlier, the regulatory filing showed on Thursday.

Revenue increased 19.76 percent from a year earlier to 61 trillion won in the second quarter, and net income soared 89.04 percent to 11.05 trillion won.

The double-digit expansion came amid strong demand for memory chips, of which profit accounted for more than half of the total operating profit in the second quarter.

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