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Samsung's operating profit posts double-digit growth in Q2

Xinhua News,SEOUL
2020-07-07 14:12

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SEOUL, July 7 (Xinhua) -- Samsung Electronics, South Korea's tech behemoth, recorded a double-digit growth in the second quarter, regulatory filing showed Tuesday.

Preliminary figure for Samsung's consolidated operating profit amounted to 8.1 trillion won (6.8 billion U.S. dollars) in the April-June quarter, up 22.7 percent from a year earlier.

Revenue declined 7.4 percent over the year to 52 trillion won (43.5 billion U.S. dollars) in the second quarter.

The ratio of operating profit to revenue stood at 15.6 percent in the second quarter, marking the highest since the fourth quarter of 2018.
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