Samsung SDI posts first profit in seven quarters

Samsung SDI reported an operating profit for the second quarter, its first in seven quarters, and the figure far exceeded market expectations.

Operating profit was 203.8 billion won ($141.6 million), the company said Thursday.

Analysts polled by Yonhap Infomax had projected an operating loss of 14.8 billion won.

A year earlier, Samsung SDI lost 397.8 billion won at the operating level.

Revenue reached 3.77 trillion won, up 18.5 percent, and net profit came to 471.6 billion won.

As the second-lar ...