Wednesday, July 29, 2020

Samsung Q2 Profit Rises; Sees Gradual Recovery In Demand For Mobile In H2

Samsung Electronics reported a profit for the second-quarter that increased about 8.38 percent from last year. Operating profit also increased 23.48 percent from last year due to higher demand for memory chips and appliances, as well as a one-off gain at its Display Panel Business. But, sales decreased about 5.63 percent, due to reduced sales of smartphones and other devices.

from RTT - Earnings https://ift.tt/2EscChb
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