ID :
197961
Fri, 07/29/2011 - 06:05
Auther :
Shortlink :
https://oananews.org//node/197961
The shortlink copeid
Samsung Electronics logs 18 pct drop in Q2 net
SEOUL, July 29 (Yonhap) -- Samsung Electronics Co., the world's top memory chipmaker, said Friday that its second-quarter earnings declined 18 percent from a year ago as feeble demand for TVs and personal computers drove down chip and display prices.
Net profit reached 3.51 trillion won (US$3.33 billion) in the April-June period, compared with 4.28 trillion won a year earlier, it said in a regulatory filing.
The bottom line was higher than the consensus of 3.35 trillion won by analysts polled by Yonhap Infomax, the financial news arm of Yonhap News Agency.
Sales rose 4 percent on-year to 39.44 trillion won, but operating profit sank 25 percent to 3.75 trillion won, which was in line with the company's guidance announced early this month.
Net profit reached 3.51 trillion won (US$3.33 billion) in the April-June period, compared with 4.28 trillion won a year earlier, it said in a regulatory filing.
The bottom line was higher than the consensus of 3.35 trillion won by analysts polled by Yonhap Infomax, the financial news arm of Yonhap News Agency.
Sales rose 4 percent on-year to 39.44 trillion won, but operating profit sank 25 percent to 3.75 trillion won, which was in line with the company's guidance announced early this month.
