Samsung Electronics Q2 net income up 1,300% to W71.62tr

Samsung Electronics Co., the world's largest memory chipmaker, on Thursday reported its second-quarter net profit of 71.62 trillion won ($49.6 billion), up 1,299.9 percent from a year earlier. The company, one of the biggest global suppliers of top high bandwidth memory (HBM) semiconductors, said in a regulatory filing that operating income for the April-June period rose 1,813.8 percent on-year to 89.49 trillion won. Sales increased 130 percent to 171.49 trillion won. The earnings met market exp