Samsung Q2 profit jump 7.23% on robust memory, display panel business

Samsung on Thursday reported strong second quarter earnings on the back of robust demand for memory chips and appliances, as well as a one-off gain at its display panel business.

Its net profit stood at 5.55 trillion won ($4.7 billion) in the April-June period, up 7.23 per cent from a year earlier, Samsung said in a regulatory filing.

Samsung's operating profit jumped 23.5 per cent on-year to 8.15 trillion won in the second quarter of the year, but sales fell 5.6 per cent on-year to 52.97 trillion won over the cited period.

Samsung's operating margin for the second quarter stood at 15.4 per