Samsung Elec second-quarter profit up 5.7 percent on-year, buoyed by chips

Samsung Electronics Co Ltd posted a 5.7 percent rise in second-quarter profit on Tuesday as strong sales of semiconductors helped the South Korean tech giant defy sluggish growth in the smartphone market.

Operating profit for the world`s biggest maker of memory chips and smartphones was 14.9 trillion won ($13.4 billion) in the April-June quarter, it said in a regulatory filing, compared with 14.8 trillion won it had estimated.

Revenue fell 4 percent to 58 trillion won in line with its earlier estimate.

($1 = 1,116.5000 won)

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