Off the wire
• Uganda's star striker in talks with Denmark's Sonderjyske  • Tokyo stocks rebound 1.36 percent in morning session  • Interview: Closer SCO anti-terror cooperation conducive to regional security: official  • Ghana's Asamoah Gyan to complete move to China's Shanghai SIPG: Report  • 1st LD-Writethru: China stocks opened sharply lower on Tuesday  • Inquest into Australian girl's death for swallowing lithium battery to start next week  • Stock plunge due to Mainland volatility, Greek debt crisis: HK official  • Universiade hurdler Jenneke of Australia boasts hot YouTube star  • Spotlight: Ufa summit to further enhance SCO international status  • Eat mushrooms to avoid brittle bones: Australian researchers  
You are here: 　 Home

Roundup: Samsung Q2 profit remains in recovery track

Xinhua, July 7, 2015 Adjust font size:

Earnings of Samsung Electronics, the world's largest maker of memory chips, flat screens and smartphones, remained in a modest recovery track for the second quarter after bottoming out in the third quarter of last year, the company said Tuesday.

Preliminary figure for operating profit was 6.9 trillion won (6. 1 billion U.S. dollars) during the April-June period, up 15.38 percent from the previous three-month period, the South Korean tech behemoth said in a statement.

From a year earlier, it was down 4.03 percent.

The second-quarter revenue was estimated at 48 trillion won, up 1.87 percent from the prior quarter. It was down 8.1 percent from a year ago.

Samsung's operating profit got back on a recovery track in the past three quarters after bottoming at 4.06 trillion won in the third quarter of last year.

The profit was 5.29 trillion won in the fourth quarter, before recording 5.98 trillion won in the first quarter and 6.9 trillion won in the second quarter.

The company did not unveil its estimates for net profit and a breakdown of each business when announcing the preliminary figures. The final results will be made known later this month after an external audit.

The operating profit missed market expectations of about 7.1 trillion won as Samsung's new flagship smartphone Galaxy S6 was sold less than initially anticipated.

The latest model of the Galaxy series was praised by media reports right after its launch, boosting hopes for brisk sales. But, the Galaxy S6 Edge was not supplied smoothly due to difficulties in manufacturing curved displays.

Demand for smartphones remained weak in Europe struggling with the sovereign debt crisis of Greece, damaging smartphone sales in European countries.

Operating profit of the IM business, which makes smartphones, was estimated at around 3 trillion won during the second quarter. The unit's profit continued to increase after bottoming at 1.75 trillion won in the third quarter of last year.

The consumer electronics unit, which manufactures fridges, air conditioners and TVs, was expected to have turned into the black in the second quarter from the red in the first quarter due to seasonal demand for air conditioners and improved profitability of TVs.

The DS business, which produces display panels and memory chips, was estimated to have continued an upbeat earnings trend on the back of strong demand for DRAM and NAND Flash memory chips and robust sales of flat screens. Endi