Tags: AS | SKorea | Earns | Samsung Electronics

Samsung Electronics Reports 2 Percent gain in 2Q Net Income

Monday, 30 July 2018 08:37 PM

SEOUL, South Korea (AP) — Samsung Electronics says its second-quarter earnings rose 2 percent over a year earlier.

The South Korean tech giant said Tuesday that its April-June net income stood at 10.98 trillion won ($9.8 billion), compared with 10.80 trillion won a year earlier.

The result fell short of the analyst consensus of 11.14 trillion won, according to financial data provider FactSet.

Sales fell 4 percent to 58.48 trillion won ($52.3 billion) while operating income advanced 6 percent to 14.87 trillion won ($13.3 billion).

The latest results indicate an end to Samsung's streak of record-breaking financial results.

Samsung said sales of Galaxy S9 smartphones slowed while its flagship memory chip business continued to post a robust result.

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Samsung Electronics says its second-quarter earnings rose 2 percent over a year earlier.The South Korean tech giant said Tuesday that its April-June net income stood at 10.98 trillion won ($9.8 billion), compared with 10.80 trillion won a year earlier.The result fell short...
AS,SKorea,Earns,Samsung Electronics
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2018-37-30
Monday, 30 July 2018 08:37 PM
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