Samsung logs record $8.5 bn profit on server chips, warns of market uncertainties

Source From: ENT 2022-07-28 07:50:40

Samsung Electronics on Thursday reported its second-quarter net profit of $8.5 billion, up 15.2 per cent from a year earlier, on the back of robust demand for server chips.

Operating profit for the April-June period rose 12.2 per cent on-year to 14.09 trillion won, the company said in a regulatory filing.

Revenue rose 21.3 percent to 77.2 trillion won, the second-highest quarterly revenue ever and a record for a second quarter.

The operating profit was in line with the average estimate, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

The world's largest memory chip and smartphone maker said its chip division posted 28.5 trillion won in revenue and 9.98 trillion won in operating profit, performing better-than-expected, thanks to continued demand from server clients and a strong dollar.