Samsung Electronics’ Q2 Operating Profit Jumps 54% on-Year

Samsung Electronics' Q2 Operating Profit Jumps 54% on-Year

Photo : YONHAP News

Samsung Electronics has posted the largest quarterly operating profit in nearly three years thanks to the recovery of the chip business. 

The tech giant announced the April-June performance on Thursday and said operating profit during the period stood at 12-point-57 trillion won, up 54-point-three percent from the same quarter last year. 

It marks an increase by more than three trillion won from the first quarter this year and is the highest since the company posted 17-point-57 trillion won in operating profit in the third quarter of 2018. 

Operating profit in the semiconductor sector in particular more than doubled from the previous quarter and accounted for more than a half of the whole quarterly operating profit at six-point-93 trillion won. 

Its sales reached 63-point-67 trillion won in the second quarter, 20-point-two percent higher than a year earlier, while net profit jumped 73-point-four percent on-year to nine-point-63 trillion won.

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