Samsung Electro-Mechanics Q2 net profit up 51.8 pct to 181.4 bln won

Samsung Electro-Mechanics Co. on Wednesday reported its second-quarter net income of 181.4 billion won (US$131.3 million), up 51.8 percent from a year earlier. Operating income for the April-June period was 208.1 billion won, up 1.5 percent from a year ago, the company said in a regulatory filing. Revenue rose 16.2 percent to 2.58 trillion won. The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 157.2 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency