July 30, 2020

Samsung Electronics net profit climbs 7.3% in Q2

Seoul (AFP) – Samsung Electronics reported Thursday its net profit grew 7.3 percent year-on-year in the second quarter, with strong demand for memory chips overcoming the impact of the coronavirus pandemic on smartphone sales.The world’s biggest smartphone and memory chip maker said profits in the April-to-June period were 5.56 trillion won ($4.66 billion).Operating profit rose 23.48 percent to 8.15 trillion won, even as sales dropped 5.6 percent to 52.97 trillion won.  The firm is the flagship subsidiary of the giant Samsung Group, by far the biggest of the family-controlled conglomerates tha…

source https://this.kiji.is/en/661361432298652769?c=648607265489716321

Leave a Reply

Your email address will not be published. Required fields are marked *