Samsung Electronics reports ’outstanding’ Q2 results | business | Hindustan Times
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Samsung Electronics reports ’outstanding’ Q2 results

business Updated: Jul 24, 2009 11:16 IST

AFP
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Samsung Electronics Co, the world’s leading computer memory chipmaker, said on Friday that it had achieved “outstanding” second-quarter results due to a recovery in prices and demand.

For the three months to June, it posted a net profit of 2.25 trillion won (1.8 billion dollars), up 5.2 per cent from a year earlier and sharply up from the previous quarter, when it posted a 619 billion won net profit.

Operating profit rose to 2.52 trillion won in the second quarter, up from 2.4 trillion won a year earlier.

Sales rose to 32.51 trillion won from 29.1 trillion won a year earlier.

“Samsung achieved outstanding results in the second quarter with our consumer electronics business remaining strong and a solid performance in the still challenging components market,” said Robert Yi, vice president and head of Samsung Electronics’ investor relations team.

“That said, we maintain a cautious view looking ahead to the remainder of 2009 as operating profit may be affected by a possible appreciation of the Korean won and intensifying market competition,” he said.