Revenue rose 28% to 171.5 trillion won, while R&D spending reached a record 16 trillion won
Samsung Q2 operating profit hits record 89.5 trillion won
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Summary
Samsung spent a record 16 trillion won on research and development during the quarter. herim@heraldcorp.com. The tech giant said Thursday its April-June revenue reached 171.5 trillion won, up 28 percent from the previous quarter, while operating profit surged 56 percent. Samsung’s report came a day after SK Hynix also reported a record second-quarter revenue of 60.5 trillion won ($42 billion).
Furthermore, However, SK Hynx’s profit was still below the loftier market expectations and the company’s shares declined by more than 9% on Monday.
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Samsung spent a record 16 trillion won on research and development during the quarter. herim@heraldcorp.com
according to The Korea HeraldThe tech giant said Thursday its April-June revenue reached 171.5 trillion won, up 28 percent from the previous quarter, while operating profit surged 56 percent.
according to The Korea HeraldSamsung’s report came a day after SK Hynix also reported a record second-quarter revenue of 60.5 trillion won ($42 billion).
according to The IndependentHowever, SK Hynx’s profit was still below the loftier market expectations and the company’s shares declined by more than 9% on Monday.
according to The Independent
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