Samsung Electronics' operating profit falls 4.03% on-year in 2nd quarter

In a preliminary earnings forecast Tuesday, Samsung Electronics, the world's top smartphone maker, put its operating profit for the second quarter of this year at 6.90 trillion won (approximately US$6.13 billion), up 15.38 percent from the previous quarter. The figure compares with an operating profit of 4.06 trillion won recorded in the third quarter last year, 5.29 trillion won in the fourth quarter of 2014 and 5.98 trillion won in the first quarter of 2015. It, however, represents a 4.03 percent decrease from the same period last year. The South Korean company said that its sales in the April-June period reached 48 trillion won, down 8.31 percent from a year earlier.