Samsung Electronics (LON:SMSN) brings joy to investors

Samsung Electronics profit continued to grow steadily with the overall positive

In brief: South Korea: Samsung Electronics (LON:SMSN) profit reached a record value in the second quarter.

Asia’s largest producer of semiconductors, flat-screen televisions and mobile phones Samsung Electronics (LON:SMSN) said that profit in the second quarter increased by 83% to a record due to the increased demand for microchips for computers.

Thus, according to a report of the company, net profit amounted to 4.28 trillion won ($ 3.6 billion) compared with 2.33 trillion won a year earlier. Analysts expected profit of 4.15 trillion won. At the same time, sales grew during the reporting period by 17%. Samsung Electronics operates its business through two business divisions: digital media and communication (DMC) division and device solution (DS) division.

Igor Tringlers
2010-07-30 10:37, Economics.

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