Samsung has posted an increase in Q2 profits despite trade being affected by unfavourable exchange rates. The company’s net profits increased to $1.67 billion. Samsung’s revenues also grew 24% to $8.49 billion in Q2. The increase in the company’s profits was attributed to greater than expected sales of computer memory chips, mobile phone handsets and flat panel displays.
Samsung Electronics is planning to invest $4.17 billion during this year. The majority of the investment is expected to be spent on the company’s semiconductor division. The company’s semiconductor division experienced a 47% increase in sales in Q2. The division’s sales rose to $2.77 billion.