Samsung posts $5.9 bn operating profit in Q2

Seoul, July 30 (IANS) Samsung Electronics posted 6.9 trillion won ($5.9 billion) in operating profit in the second quarter, missing market estimates on weak demand for Galaxy S6 smartphones, a regulatory filing showed on Thursday.

The second-quarter operating profit was up 15.36 percent from the prior quarter, but it was down 4.03 percent from a year earlier. It also missed market expectations, leading Samsung shares to decline 1.66 percent as of 9.18 a.m. local time in Seoul trading, reported Xinhua.

Revenue slid 7.29 percent from a year earlier to 48.54 trillion won in the quarter, and net income fell 7.97 percent to 5.75 trillion won.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here