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Samsung Electronics posts record profit
Q2 net income rises to 10.8 trillion won, boosted by success of its new Galaxy S8 smartphones and demand for semiconductors
Add BT as a preferred sourcePublished Thu, Jul 27, 2017 · 09:50 PM
Seoul
SAMSUNG Electronics Co's quarterly profit and revenue topped analysts' estimates, fuelled by the success of its new Galaxy S8 smartphones and demand for semiconductors.
Net income rose to a record 10.8 trillion won (S$13.2 billion) in the three months ended June, the Suwon, South Korea-based company said in a filing on Thursday, exceeding the 9.75 trillion won average of projections compiled by Bloomberg. Sales rose 20 per cent to 61 trillion won.
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