Seoul – Samsung Electro-Mechanics Co. announced a significant increase in its second-quarter net profit, which soared by 51.8% to reach 181.4 billion won (US$131.3 million). This performance exceeded market forecasts.
According to Yonhap News Agency, the financial data firm of Yonhap News Agency, the average net profit estimated by analysts was 157.2 billion won. Operating income for the April-June period slightly rose by 1.5 percent to 208.1 billion won, while revenue climbed 16.2 percent to 2.58 trillion won. The company’s earnings have surpassed market expectations, reflecting a robust financial period.