Samsung Finance in Q2 2017 Show Positive Results

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2016 is a difficult year for Samsung, after experiencing an unpleasant incident on its flagship smartphone, the Galaxy Note 7. The tough period still continues until the first quarter of fiscal 2017.

Phone Arena reported in the first quarter of fiscal year 2017, Samsung reportedly only gained a decline in annual operating profit by nine percent. However, the South Korean company is now announcing its prediction related to profit in the second quarter of this year.

Entering the second half of 2017, Samsung announced satisfactory achievements in terms of operating profits. In the April to June period, Samsung earned the highest operational profit in its travel history in the realm of technology.

Samsung reveals that revenue in the quarter ended in June increased by KRW60 trillion or about US $ 52 billion. The revenue marked Samsung's operating profit gain of KRW14 trillion or about US $ 12.11 billion.

Profitability increased by 72 percent, when compared with the same period in 2016 ago. That beat analyst estimates, and indicated more favorable conditions for Samsung, supporting the planned launch of the Galaxy Note 8 by the end of this year.

Meanwhile, Samsung's revenue is also driven by a number of different sources, and not just from mobile phone sales. Sales of smartphones in Q2 accounted for only half of chip sales, while display panel sales accounted for 50 percent of mobile phone distribution gains.

Samsung is expected to release more details related to its earnings in the coming weeks. In addition, a good financial position is also supported by the launch of the new flagship model, the Galaxy S8 and Galaxy S8 Plus.