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Samsung SDS Q2 profit falls YOY

Samsung SDS Co. Ltd. said its second-quarter normalized net income amounted to 1,331.74 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 1,459.88 won per share.

EPS declined year over year from 1,363.47 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 103.01 billion won, a decline from 105.44 billion won in the year-earlier period.

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

Total revenue increased year over year to 2.052 trillion won from 1.959 trillion won, and total operating expenses increased from the prior-year period to 1.884 trillion won from 1.796 trillion won.

Reported net income rose on an annual basis to 122.22 billion won, or 1,580.05 won per share, from 119.40 billion won, or 1,543.99 won per share.

As of Aug. 16, US$1 was equivalent to 1,094.67 South Korean won.