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Samsung SDS Q2 profit climbs 20.1% YOY

Samsung SDS Co. Ltd. said its normalized net income for the second quarter came to 1,599.32 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 1,588.60 won per share.

EPS rose 20.1% year over year from 1,331.79 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 123.71 billion won, an increase of 20.1% from 103.02 billion won in the year-earlier period.

The normalized profit margin increased to 5.2% from 5.0% in the year-earlier period.

Total revenue increased 15.7% on an annual basis to 2.374 trillion won from 2.052 trillion won, and total operating expenses increased 16.2% year over year to 2.188 trillion won from 1.884 trillion won.

Reported net income grew 14.4% from the prior-year period to 139.84 billion won, or 1,807.88 won per share, from 122.22 billion won, or 1,580.02 won per share.

As of Aug. 14, US$1 was equivalent to 1,139.03 South Korean won.