Samsung earned 8,320 million euros in the second quarter, up 15.3%

Seoul, July 28 (EFE). Technology company Samsung Electronics posted a net profit of 11.1 trillion won (about 8,320 million euros) between April and June, an increase of 15.3% year on year, despite a certain drop in demand on the geopolitical situation.

The company’s total operating profit (EBITDA) for the Suwon, south of Seoul, was 14.46 trillion won (10.85 billion euros) in the second quarter of 2022, up 12.3% from the same period last year, according to its financial report. released Thursday.

In terms of operating profit, it was 14.1 trillion won (10,580 million euros), an increase of 12.2%; While its sales volume grew 21.2% year-on-year, to 77.2 trillion won (54.15 billion euros).

It’s the fourth consecutive quarter that the world’s largest maker of smartphones and memory chips has recorded a sales volume of over 70 trillion won, buoyed by continued demand for chips, especially for servers, as well as leading mobile phone models. .

The company’s semiconductor division generated sales of 28.5 trillion won (21.37 billion euros), up 23.6%, and the subsidiary’s operating profit rose 44% to 9.98 trillion won (7,480 million euros).

The mobile phone business, although it posted strong sales growth of 12.2% year-on-year, to 7.71 trillion won (€5,780 million), saw a slowdown in its profitability and operating profit that shrank 17.2% from a year ago. Earlier, up to 1.06 trillion won (about 795 million euros).

Samsung Electronics found an impact on its calculations from macroeconomic factors, such as the current geopolitical situation or rising inflation, causing lower consumer demand and increasing costs that slowed its growth, as shown in Finance. Report.

On a quarterly basis, its sales fell 0.7% after the record first quarter, and its EBITDA contracted 4%. EFE

co-mra / jpd

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