Samsung Electronics Q2 Operating Profit 668.5 Billion KRW...Improved from Q1 (Update)

Samsung Electronics announced improved results in the second quarter of this year compared to the first quarter, despite incurring an operating loss of over 4 trillion KRW in its semiconductor division.

Photo by Hyunmin Kim kimhyun81@

On the 27th, Samsung Electronics disclosed its finalized second-quarter results, reporting sales of 60.0055 trillion KRW and an operating profit of 668.5 billion KRW. Compared to the second quarter of last year, sales and operating profit decreased by 22.28% and 95.26%, respectively. However, despite a 5.87% decrease in sales compared to the first quarter of this year, operating profit improved by 4.42%. This was also higher than the previously announced provisional second-quarter operating profit of 600 billion KRW.

The second-quarter operating profit was negatively impacted by a decline in smartphone shipments, but the reduction in losses in the semiconductor (DS) division and improved profitability in the display, TV, and home appliances sectors contributed to better results than in the first quarter.

The DS division posted second-quarter sales of 14.73 trillion KRW and an operating loss of 4.36 trillion KRW. This represents a slight reduction in losses compared to the first quarter’s operating loss of 4.58 trillion KRW. The DX division, which includes mobile and home appliances, recorded second-quarter sales of 40.21 trillion KRW and an operating profit of 3.83 trillion KRW.

Samsung Electronics’ capital expenditure in the second quarter was 14.5 trillion KRW, with 13.5 trillion KRW allocated to the DS division and approximately 600 billion KRW to the display division. The cumulative amount for the first half of the year reached 25.3 trillion KRW. Research and development expenses hit a record high of 7.2 trillion KRW.

This content was produced with the assistance of AI translation services.