Samsung Electronics posts Q2 profit of $62 bil., up nearly 20-fold

Samsung Electronics said Thursday its operating profit for the second quarter stood at 89.5 trillion won ($62 billion), up 1,814 percent from a year earlier. Revenue for the April-June period reached 171.5 trillion won, up 130 percent year-on-year. Both revenue and operating profit set new quarterly records, surpassing the previous highs of 133.9 trillion won in revenue and 57.2 trillion won in operating profit. The chip-making Device Solutions Division alone posted 127.5 trillion won in sales and 89.2 trillion won in operating profit. However, the device-making Device Experience Division swung to an operating loss, posting 49 trillion won in revenue and an operating loss of 800 billion won.