Samsung Electronics has reported a
record quarterly profit boosted by growing smartphone sales and a surge in
earnings at its display panel division.
Net profit was 7.8 trillion won ($7bn; £4.5bn) in the April to June quarter, a 50% jump from a year ago.
It said the launch of new models such as the Galaxy S4 helped boost sales of smartphones during theperiod. But it warned that the pace of growth of smartphone business, a key driver of its recent success, may slow down.
"Entering into a typically strong season for the IT industry, we expect earnings to continue to increase," said Robert Yi, head of investor relations at Samsung.
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