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Samsung Electronics sees its assets top 200 tln won

All Headlines 09:31 August 07, 2013

SEOUL, Aug. 7 (Yonhap) -- Assets held by Samsung Electronics Co., South Korea's top conglomerate by market cap, topped 200 trillion won (US$180 billion) as of end-June this year mainly due to its stellar business performance, data showed on Wednesday.

Samsung's assets reached 203.76 trillion won at the end of June, up 12.92 trillion won from three months earlier. The end-June figure is also up 37.46 trillion won from a year earlier, according to its financial statement.

Samsung Electronics, the world's top maker of memory chips and smartphones, saw its second-quarter profit spike 50 percent from a year earlier, buoyed by robust shipments of its flagship Galaxy S smartphones.

Net profit came to 7.77 trillion won in the April-June period, compared with a profit of 5.19 trillion won a year earlier, the company said earlier.

Revenue soared 20.7 percent on-year to a record 57.46 trillion won in the second quarter, and operating profit climbed 47.5 percent to a record 9.53 trillion won.

Samsung has been reporting quarterly operating income of more than 8 trillion won since the third quarter of last year.

Meanwhile, Samsung invested 9 trillion won in facility investment in the first half of the year. For the full year, Samsung is planning to allot some 24 trillion won for investment.

The tech giant has made investments worth 21.62 trillion won, 22.67 trillion won and 22.86 trillion won, respectively, in 2010, 2011 and 2012.

sam@yna.co.kr
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