On the 7th, Samsung Electronics' stock price showed a weak trend.
As of 9:44 AM on the same day, Samsung Electronics' stock price was trading at 70,200 KRW, down 1.96% compared to the previous trading day.
Samsung Electronics announced that its operating profit for the second quarter of this year was provisionally 600 billion KRW (consolidated basis). This represents a 95.7% decrease compared to the same period last year, marking the lowest level in about 14 years since the first quarter of 2009 (590 billion KRW). The second quarter revenue was 60 trillion KRW, down 22.3% compared to the same period. The finalized results are scheduled to be announced at the end of this month.
Although Samsung Electronics reported its lowest quarterly performance in about 14 years, the figures announced on this day exceeded market expectations. As a result, the securities industry is evaluating that the semiconductor market has "hit bottom."
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