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Samsung Unveils Q2 Results

SEOUL, Korea — Samsung Electronics Co., Ltd. today announced revenues of 39.44 trillion Korean won on a consolidated basis for the second quarter ended June 30, 2011, a 4-percent increase year-on-year.

For the quarter, the company posted consolidated net income of 3.51 trillion won, representing an 18-percent decrease year-on-year. Consolidated operating profit for the quarter was 3.75 trillion won.

In its earnings guidance disclosed on July 7, Samsung estimated second-quarter consolidated revenues would reach approximately 39 trillion won with an operating profit of 3.7 trillion won.

Read the full press release.

{complink 4751|Samsung Electronics Co. Ltd.}

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