Samsung Electronics posts record second-quarter profit
Seoul – South Korean electronics giant Samsung Electronics Co Friday posted a record 83-per-cent net profit rise for the second quarter, boosted by strong demand for chips and flatscreen televisions.
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Samsung Electronics Q2 Profit Up 83%; Sees Challenges In Sustaining Profitability – Update
South Korea’s Samsung Electronics late Thursday reported a profit for the second quarter that surged 83% from last year, buoyed by a recovery in demand for computer-memory chips as well as higher sales of flat TV screens. However, the company warned that it may become a challenge to maintain current profitability levels due to intensifying competition in the digital media and mobile business.
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