Samsung Electronics Company Limited has announced revenues of 41.79 billion dollars on a consolidated basis for the second quarter ended June 30. This shows a 21 percent increase year-on-year in the revenue. For the quarter, the company's consolidated operating profit reached a record 5.9 billion dollars, representing a 79 percent year-on-year increase.
Consolidated net profit for the April-June period was 4.55 billion dollars. Capital expenditure in the first six months was 12.29 billion dollars. Samsung posted solid sales and maintained its profit in almost all business segments including Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; Memory, System LSI and LED, etc.
The Mobile Communications Business was one of the leading growth drivers, due to the successful launch of this year's flagship Galaxy-S III smartphone and robust Galaxy Note sales. The Visual Display Business also contributed well to earnings gains. Samsung also posted improvements in sales, shipments and profitability of its premium TVs, such as the flagship ES7000, ES8000 models and LED TV models, as compared with the same quarter of last year. In the third quarter, Samsung expects to further strengthen its leadership in the high-end smartphone market with the sales of Galaxy S III and also in the LTE equipment business with new devices.-PR
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