Samsung Electronics Company announces revenues of $41.79 billion on a consolidated basis for second quarter ended June 30
Lahore, July 30, 2012 (PPI-OT): Samsung Electronics Co., Ltd. has announced revenues of US $ 41.79 Billion on a consolidated basis for the second quarter ended June 30, 2012. This shows a 21-percent increase year-on-year in the revenue.
For the quarter, the company’s consolidated operating profit reached a record US $ 5.90 Billion, representing a 79-percent year-on-year increase. Consolidated net profit for the April-June period was US $ 4.55 Billion. Capital expenditure in the first six months was US $ 12.29 Billion.
Samsung posted solid sales and maintained its profit in almost all business segments including Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; Memory, System LSI and LED, etc.
The Mobile Communications Business was one of the leading growth drivers, due to the successful launch of this year’s flagship GALAXY S III smartphone and robust GALAXY Note sales. The Visual Display Business also contributed well to earnings gains.
The Managing Director Samsung Pakistan- Mr. John Park said; despite a difficult business environment, we achieved stable profits in the second quarter through our differentiated products and competitive technology. Samsung will continue to enhance the competitiveness of our main businesses and reinforce our value-added, differentiated products as a means to improve earnings.”
Samsung also posted improvements in sales, shipments and profitability of its premium TVs, such as the flagship ES7000, ES8000 models and LED TV models, as compared with the same quarter of last year. The company will also look to continue its leadership in Smart TVs while continuing cooperation with media and content providers. Sales of air conditioners rose with favorable market conditions in emerging markets.
In the third quarter, Samsung expects to further strengthen its leadership in the high-end smartphone market with the sales of GALAXY S III and also in the LTE equipment business with new devices.
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