Samsung E and A Q2 net profit down 18.4 pct to 205.3 bln won

Samsung E and A Co. on Thursday reported its second-quarter net income of 205.3 billion won (US$148.1 million), down 18.4 percent from a year earlier. Operating profit for the April-June period was 262.6 billion won, down 23.8 percent from a year ago, the company said in a regulatory filing. Sales fell 3.6 percent to 2.68 trillion won. The earnings beat market expectations. The average estimate of net profit by analysts stood at 158.3 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency