Samsung Electro-Mechanics Q2 Operating Profit 205 Billion KRW... 43% Decrease YoY
Samsung Electro-Mechanics announced on the 26th that it recorded consolidated sales of 2.2205 trillion KRW and an operating profit of 205 billion KRW in the second quarter of this year.
Sales decreased by 10% compared to the same period last year, and operating profit fell by 43%. However, due to the expansion of automotive electronics product supply, sales and operating profit increased by 10% and 46%, respectively, compared to the first quarter of this year.
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Samsung Electro-Mechanics expects a delay in demand recovery for some IT products in the second half of the year due to the global economic slowdown, but anticipates an increase in demand for related components driven by the launch of new flagship smartphone models, reduction of major component inventories, and expanded demand for automotive electronics.
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