Samsung Electronics reports better than expected Q2 earnings

SEOUL, July 24 (Yonhap) -- Samsung Electronics Co., the world's leading computer
memory chipmaker, reported better than expected second-quarter earnings on
Friday, buoyed by brisk sales of mobile handsets and LCD panels.

The company's net profit reached 2.25 trillion won (US$1.8 billion) in the
April-June period, up 5.2 percent from a profit of 2.14 trillion won a year
earlier, the company said in a regulatory filing.
Sales increased 15.9 percent to 21.02 trillion won over the cited period, while
operating profit dropped to 1.06 trillion won from 1.89 trillion won, it said.
sam@yna.co.kr
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