Samsung C and T Reports Strong Growth in Q2, Exceeding Market Expectations

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SEOUL — Samsung C and T Corp. announced a robust increase in its second-quarter net income, which rose by 5.7 percent to 734 billion won ($533.2 million), surpassing market expectations.

According to Yonhap News Agency, The company detailed in its regulatory filing that its operating profit for the April-June period reached 900.4 billion won, up 16.6 percent from the previous year, with sales also increasing by 4 percent to 11 trillion won. The reported earnings have exceeded the average net profit estimate of 628 billion won, as forecasted by analysts surveyed by Yonhap Infomax, the financial data arm of Yonhap News Agency.

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