Mixed Fortunes For Samsung

Samsung Electronics financial results for the second quarter of 2005 show the company recorded sales of KRW13.59 trillion, an operating income of KRW1.65 trillion, and a net income of KRW1.7 trillion. This represented a 2% drop, 23% decrease, and 13% rise, respectively, from the previous quarter.

Despite a drop in prices of some of its main products, such as memory chips, the company was able to maintain sales of more than KRW13.5 trillion due to the growth of the LCD and Digital Appliance Businesses. While operating profits decreased, net income rose because of gains from Samsung Card's turnaround.

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