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7/29, 1:48 AM (Source: TeleTrader)
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Samsung's operating profit rises by 54% in Q2

Samsung Electronics Co.'s income statement released on Thursday showed the company's operating profit in the second quarter of 2021 landed at 12.57 trillion won ($10.92 billion), which marks a year-on-year jump of 54.26 percent.

For the three months through June, the South Korean tech giant booked a net profit of 9.63 trillion won ($8.37 billion), which is 73.4% more on an annual basis. The company saw its total sales surging to 63.67 trillion won ($55.34 billion) from 2020's 52.97 trillion won ($44.54 billion), marking a 20.2% increase, the strongest for any second quarter on record, while the basic earnings per share (EPS) increased to stand at 1,391 won ($1.21) from last year's 808 won ($0.68).

Breaking the News / NL