Samsung Q2 profits down, margins suffer

Jul 15 2005 - 03:05 AM ET | Samsung

Samsung has a disappointing second quarter thanks to lower margins on two of its biggest profit centers, LCDs and mobile phones. Year-on-year Samsung saw a 47% decrease in net-profit. Here are the numbers:

• Profit of $1.62 billion
• Revenue of $13 billion
• Mobile phone division posted margins of 12%, down from 16% in the year ago quarter.
• 24.5 million mobile phones were shipped, up nearly two million units from a year ago.

Samsung is the third largest mobile phone manufacturer in the world, behind Nokia and Motorola.