25 Jul 2009

'Outstanding' quarterly results posted by Samsung

2:01 pm on 25 July 2009

Samsung Electronics Co has posted what it calls "outstanding" second-quarter results due to a recovery in prices and demand.

The world's leading computer memory chip maker on Friday announced a net profit of 2.25 trillion won ($A2.21 billion) for the three months to June - up 5.2% from a year earlier. Profit in the previous quarter was 619 billion won.

Operating profit rose to 2.52 trillion won in the second quarter, up from 2.4 trillion won a year earlier.

Sales rose to 32.51 trillion won from 29.1 trillion won a year earlier.