Sam­sung gets ‘triple crown’

China Daily (Hong Kong) - - BUSINESS -

Sam­sung Elec­tron­ics won a so-called “triple crown” in its sec­ond-quar­ter report as its Q2 rev­enue, op­er­at­ing profit and net in­come broke the pre­vi­ous record highs thanks to brisk semi­con­duc­tor sales. Op­er­at­ing profit was 14.07 tril­lion won ($12.64 bil­lion) in the June quar­ter, up 72.72 per­cent from a year ear­lier, Sam­sung said in a state­ment on Thurs­day. It topped the com­pany’s pre­vi­ous record high of 10.16 tril­lion won posted in the third quar­ter of 2013. Rev­enue in­creased 19.76 per­cent from a year ear­lier to 61 tril­lion won in Q2 and net in­come soared 89.04 per­cent to 11.05 tril­lion won. Both rev­enue and net in­come were the largest Sam­sung ever recorded in its decades-long his­tory.

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