Samsung Q2 Mobile Phone Sales Rise 15%
By Jeff Malester -- TWICE, 7/23/2001
Seoul, South Korea - Samsung Electronics' telecommunications business, which includes handsets, enjoyed a revenue increase of 22 percent in the second quarter, compared with the same period last year, reaching $1.74 billion.
Sales of wireless phones climbed to $1.21
Operating profit for this business was $226.6 million.
Samsung said sales of digital media products, including computers and other hardware, dropped 13 percent to $1.66 billion in the second three months, compared with the year-ago second quarter. Operating profit for the second quarter was $22.7 million.
Home appliances sales grew 15 percent in the second quarter, hitting $679.8 million, compared with the same three months in 2000. Operating profit in the second quarter was $60.4 million.
Overall sales at Samsung during the second quarter fell 7 percent to $6 billion, while pretax profit was off 39 percent to $717.5 million, compared with $1.17 billion in the same quarter in 2000. Operating profit in the second quarter was $453 million, nearly a threefold dip, compared with $1.5 billion in the same quarter in 2000.
For the six months, overall Samsung sales rose 1.2 percent to $12.5 billion, while net profit fell 34 percent to $1.6 billion. Operating profit was $1.7 billion, compared with $2.9 billion in the year-ago first half.
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