Samsung Electronics has announced consolidated revenues of KRW39.44 trillion (US$37.45 billion) for the second quarter of 2011, up 4% on year.

Operating profits for the quarter, however, declined 25% from a year earlier to KRW3.75 trillion as a result of lower profits generated from the company's chip business and continued losses reported by its display panel unit.

Samsung reported KRW3.51 trillion in net profits for the second quarter, representing an 18% drop compared to the same period of 2010.

Samsung attributed the on-year decrease in second-quarter operating profits to the poor performance of its semiconductor and display panel operations. "The bottom line was supported by an operating profit of KRW1.67 trillion from the telecommunications businesses," Samsung said in a statement.

Samsung's telecom division, including mobile communications and telecommunication systems, posted operating profits of KRW1.67 trillion on revenues of KRW12.18 trillion in the second quarter. The mobile communications unit saw revenues rise 45% on year to KRW11.69 trillion in the second quarter buoyed by higher shipments.

Samsung revealed that total shipments of its mobile handsets increased in the high-single-digit range sequentially in the second quarter, driven by brisk sales of smartphones.

By: DocMemory
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