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Samsung Electronics says Q2 profit up 18% compared to year earlier

39160262 - 22_07_2016 - SAMSUNG ELEC-HUAWEI TECH_LAWSUIT.jpg
South Korean tech giant Samsung Electronics said on Thursday its second-quarter operating profit rose 18 per cent from a year earlier to its best in more than two years, propelled by a pickup in smartphone earnings.

[SEOUL] South Korean tech giant Samsung Electronics said on Thursday its second-quarter operating profit rose 18 per cent from a year earlier to its best in more than two years, propelled by a pickup in smartphone earnings.

Samsung said in a regulatory filing its April-June operating profit was 8.1 trillion won (S$9.7 billion), matching the 8.1 trillion won it guided for in early July. Revenue for the quarter rose 4.9 per cent to 50.9 trillion won.

The mobile division operating profit jumped 57 per cent from a year earlier to 4.32 trillion won, the highest in two years.

REUTERS

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