Samsung Electronics Co Ltd reported a 53 percent increase in second-quarter operating profit on Wednesday, despite a drop in smartphone shipments from the previous quarter, due to robust chip prices and demand. The world’s top memory chip and smartphone maker predicted a profit of 12.5 trillion won (US$11 billion) for April-June, exceeding a Refinitiv SmartEstimate analyst projection of 11.3 trillion won.
(1 US dollar Equals 1,136.7800 Korean won)
(Richard Pullin edited Joyce Lee’s and Heekyong Yang’s reporting.)
Reuters is the source of this information./n
