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Samsung Q2 profit up on strong smartphone sales, cost-cutting

Published Thu, Jul 28, 2016 · 09:50 PM
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Seoul

SAMSUNG Electronics on Thursday posted a better-than-expected gain in net profit for the second quarter on solid sales of its flagship smartphone and an aggressive cost-cutting drive.

The giant South Korean conglomerate said that its key mobile division enjoyed "substantial earnings improvement" in the April-June period, led by expanded sales of its high-end Galaxy S7 and S7 Edge phones.

Industry trackers estimate that the world's largest smartphone maker has sold about 26 million …

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