It’s the time of the year again whereby most companies are posting their quarterly earnings. We’ve seen Apple’s fiscal Q3 2016 financial report, and now it’s Samsung’s turn. The Korean company recently posted their second quarter results ended 30 June 2016, which sees the largest profits in over two years.
First up, the revenue for the quarter was KRW50.94 trillion (RM183.8 billion), an increase of 5% (KRW2.4 trillion) compared to the same quarter last year, while operating profit for the quarter was KRW8.14 trillion (RM29.4 billion), an increase of 18% year-on-year.
Check out our review of the Samsung Galaxy S7 edge
For the mobile division unit, despite slow global market, Samsung manage to maintain strong sales thanks to the sales of its flagship Galaxy S7 and S7 edge smartphones. The company posted consolidated revenue of KRW26.56 trillion and KRW4.32 trillion in operating profit for the quarter. Samsung also notes that its mid- to low-end models like the Galaxy A and J series, also helped contribute to the growth in the second quarter.
As for its other businesses, the Semiconductor business posted KRW12 trillion in consolidated revenue and KRW2.64 trillion in operating profit for the quarter. Samsung’s Display Panel segment posted KRW6.42 trillion in consolidated revenue and KRW0.14 trillion in operating profit, and finally, the Consumer Electronics Division posted KRW11.55 trillion in consolidated revenue and KRW1.03 trillion in operating profit for Q2 2016.
Samsung will be announcing its next flagship smartphone, the Galaxy Note 7, on 2 August 2016, so let’s hope that it will help Samsung maintain its growth for the next quarter.
(Source: Samsung Newsroom via: AndroidPolice)
