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Samsung SDS Q2 profit climbs YOY

Samsung SDS Co. Ltd. said its normalized net income for the second quarter amounted to 1,363.19 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 1,527.33 won per share.

EPS rose year over year from 1,333.81 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 105.44 billion won, an increase from 103.09 billion won in the year-earlier period.

The normalized profit margin increased to 5.4% from 5.0% in the year-earlier period.

Total revenue decreased year over year to 1.959 trillion won from 2.059 trillion won, and total operating expenses declined on an annual basis to 1.796 trillion won from 1.886 trillion won.

Reported net income came to 119.40 billion won, or 1,543.67 won per share, compared with 120.05 billion won, or 1,553.28 won per share, in the prior-year period.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.