"Semiconductors Revived"... Samsung Electronics Achieves Record First Half Sales (Update)
Q2 Operating Profit 12.57 Trillion Won... 54.26% Increase YoY
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[Asia Economy Reporter Kim Heung-soon] Samsung Electronics recorded sales exceeding 63 trillion KRW in the second quarter of this year, achieving the highest first-half sales ever, driven by a strong semiconductor business.
Samsung Electronics announced on the 29th that its consolidated sales for the second quarter of this year reached 63.67 trillion KRW, with an operating profit of 12.57 trillion KRW. These figures represent increases of 20.21% and 54.26%, respectively, compared to the same period last year. Including first quarter sales of 65.39 trillion KRW, the company achieved total sales of 129.6 trillion KRW in the first half, marking the highest first-half sales ever. The quarterly operating profit is the highest in 11 quarters since the third quarter of 2018 (17.57 trillion KRW).
The semiconductor division, the company's core business, led the improvement in performance. Operating profit in the semiconductor division reached 6.93 trillion KRW, more than doubling from 3.4 trillion KRW in the first quarter. Sales in this division recorded 22.74 trillion KRW.
The display division posted second quarter sales of 6.87 trillion KRW and an operating profit of 1.28 trillion KRW. The IM (IT & Mobile) division recorded second quarter sales of 22.67 trillion KRW and an operating profit of 3.24 trillion KRW. The CE (Consumer Electronics) division reported second quarter sales of 13.4 trillion KRW and an operating profit of 1.06 trillion KRW.
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Capital expenditures in the second quarter amounted to 13.6 trillion KRW, with 12.5 trillion KRW allocated to semiconductors and approximately 600 billion KRW to displays. Cumulatively for the first half, 23.3 trillion KRW was invested, with 20.9 trillion KRW for semiconductors and 1.4 trillion KRW for displays.
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