Business News

Samsung Electronics reports 88.9 percent jump in Q2 net profit

SEOUL, July 27, (APP/AFP) – Samsung Electronics
on Thursday reported an 88.9 percent jump in its second quarter net profit, boosted by demand for its memory chips and a rise in smartphone sales as the firm seeks to move on from last year’s recall debacle.
Net profit for the April to June period rose to 11.05 trillion won
(US$9.92 billion) from 5.85 trillion won a year ago, the South Korean tech giant said in a statement.