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Samsung profits reach a new record... again

Samsung Electronics has announced its second quarter results, with revenue up 21% year-on-year to 57.46 trillion won (£33.6 billion) and operating profit up 48% year-on-year to a new high of 9.53 trillion won (£5.5 billion).

Net profit was 7.77 trillion won (£4.5 billion).

Author: The Fonecast
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Amazon reports a loss in its quarterly results

Amazon.com has announced financial results for the second quarter of 2013, with a reported $7 million (£4.6 million) loss compared with a $7 million profit in the same quarter last year.

Net sales were up 22% year-on-year to $15.70 billion in Q2 2013, while operating income fell 26% to $79 million.

Author: The Fonecast
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