Samsung has reported a significant increase in profit

Samsung has released a report on the financial results for the second quarter of 2013.
In the reporting period, Samsung received the consolidated revenue of $ 51.7 billion, up 20.7% from the same period last year and 8.7% more than in the previous quarter. Moreover, 60.2% of the total income of the company has brought mobile division. Income mobile division totaled $ 31.1 billion increase over the previous quarter was 8.8%, compared to the same quarter last year – 54.2%.

At the end of the second quarter of 2012, Samsung has received a record $ 8.5 billion in operating profit, which is a new record in line with preliminary forecasts of the company, but slightly below analysts’ forecasts ($ 8.8 billion). Compared to the second quarter 2012 operating income increased by 47.5%, compared with the previous quarter – by 8.5%. As in the case of income, the largest share of profits (65.9%, or $ 5.6 billion) brought the company’s mobile division. Compared with the second quarter of its 2012 operating profit increased by 52.1%. But when compared with the previous quarter, the size of the resulting marked decrease in operating profit by 3.5%. This is due to increased costs for development and production of new devices.

Samsung’s net profit in the reporting period amounted to $ 6.9 billion compared to the second quarter of 2012 recorded net profit growth of 49.7%, compared with the previous quarter – by 8.5%.

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