World Economy

Samsung Closes Q2 With 72% Profit

Samsung Closes Q2 With 72% ProfitSamsung Closes Q2 With 72% Profit

Samsung has just released the figures for their second-quarter earnings and it appears the smartphone manufacturing giant has set the bar even higher. The company states that their profits have surged by 72% as compared to a year before. This beats all estimates market analysts had set previously, NewsNow reported. In the second quarter of 2017 Samsung has made a 14 trillion won ($12.1 billion) profit on a roughly 60 trillion won ($52 billion) revenue. This is a significant increase from their earnings about a year ago and these figures also beat the record previously set by Samsung’s 10.16 trillion won profit in the third quarter of 2013. Samsung hasn’t released any more details on this quarter’s earnings but it is expected that a complete report will be made public later this month. However, the 72% surge in their year on year profit for the second quarter adds to their mostly positive results from the preceding quarter.


Add new comment

Read our comment policy before posting your viewpoints