trending Market Intelligence /marketintelligence/en/news-insights/trending/vaqj2gmn_lbx-97vldygng2 content esgSubNav
In This List

Samsung SDI profit slides, revenue jumps in Q2

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Samsung SDI profit slides, revenue jumps in Q2

South Korea's Samsung SDI Co. Ltd. posted a year-over-year decline in second-quarter net profit even as revenue and operating profit rose.

The battery manufacturer's net profit fell to 104.7 billion South Korean won from 186.6 billion won in the year-ago period.

Second-quarter revenue climbed to 2.248 trillion won from 1.469 trillion won in the prior-year period, with a sharp rise in energy storage system sales.

Operating profit rose to 152.8 billion won from 5.5 billion won in the year-ago quarter. However, the company booked a non-operating loss of 11.6 billion won, compared with a non-operating profit of 226.1 billion won in the second quarter of 2017.

As of July 27, US$1 was equivalent to 1,116.45 South Korean won.