Samsung reports most profitable quarter in two years

DownloadSamsung Electronics Co. reported its most profitable quarter in two years on Thursday as strong sales of its flagship Galaxy S7 smartphone helped offset a drop in profit on sales of semiconductors and display panels. Second-quarter net profit rose 1.7% from a year earlier to 5.85 trillion Korean won ($5.2 billion), while operating profit rose 18% from a year earlier to 8.14 trillion won. Revenue increased 4.9% to 50.9 trillion won.

 

Complete article: Samsung reports most profitable quarter in two years