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Samsung Electronics Q2 profit climbs 17.8% YOY

Samsung Electronics Co. Ltd. said its second-quarter normalized net income amounted to 41,649.65 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 39,778.98 won per share.

EPS climbed 40.6% year over year from 29,624.33 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.195 trillion won, a gain of 17.8% from 4.412 trillion won in the prior-year period.

The normalized profit margin increased to 10.2% from 9.1% in the year-earlier period.

Total revenue rose 4.9% year over year to 50.937 trillion won from 48.538 trillion won, and total operating expenses climbed on an annual basis to 42.793 trillion won from 41.640 trillion won.

Reported net income fell 9.3% year over year to 5.102 trillion won, or 40,903.84 won per share, from 5.627 trillion won, or 37,782.66 won per share.

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