Samsung earned 8,320 million euros in the second quarter, up 15.3%
Samsung earned 8,320 million euros in the second quarter, up 15.3%

Samsung earned 8,320 million euros in the second quarter, up 15.3%

Seoul, July 28 (EFE).- The technology company Samsung Electronics made a net profit of 11.1 trillion won (approximately 8.320 million euros) in the April-June period, 15.3% more than last year , despite a certain drop in demand due to the geopolitical situation.

Gross operating profit (EBITDA) of the company based in Suwon, south of Seoul, was 14.46 trillion won (10.85 billion euros) in the second quarter of 2022, up 12.3% year-on-year. than in the same period last year, according to its financial report. released on Thursday.

Read More :   Erik ten Hag plans for Cristiano Ronaldo to stay at Manchester United – Onemic9ja

As for the operating profit, it stood at 14.1 trillion won (10,580 million euros), 12.2% more; while sales turnover rose 21.2% year-on-year to 77.2 trillion won (€54.15 billion).

It is the fourth consecutive quarter that the world’s largest maker of smartphones and memory chips posted revenue of more than 70 trillion won, helped by continued demand for chips, especially for servers, as well as its top mobile models. and a favorable currency exchange.

Read More :   All about Miley Cyrus dating, Liam Hemsworth relationship, divorce and net worth | Ora TG

The company’s semiconductor division posted sales of 28.5 trillion won (21.37 billion euros), up 23.6 percent, and the branch’s operating profit rose 44 percent to 9.98 trillion won. (7,480 million euros).

The mobile phone business, while posting solid sales, up 12.2% year-on-year to 7.71 trillion won (5,780 million euros), has slowed profitability and operating profit, which contracted by 17 .2% year-on-year. earlier, up to 1.06 trillion won (about 795 million euros).

Read More :   Reflection is: definition, example, purpose, benefits

Samsung Electronics saw an impact on its accounts from macroeconomic factors, such as the current geopolitical situation or rising inflation, which caused a decrease in consumer demand and an increase in costs that slowed its growth, as explained in his financial document. report.

In quarterly terms, its sales fell 0.7% after a record first quarter, and EBITDA contracted 4%.

(c) EFE Agency