Samsung Electronics Q2 net income up 471 pct to 9.84 tln won

Samsung Electronics Co. on Wednesday reported its second-quarter net income of 9.84 trillion won (US$7.1 billion), up 471 percent from a year earlier. The company said in a regulatory filing that it posted 10.44 trillion won in operating profit for the quarter, compared with 668.5 billion won a year ago. Sales rose 23.4 percent to 74.06 trillion won. The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 8.63 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency