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Samsung Card Q2 Operating Profit of KRW 208.6 Billion… Up 4% Year-on-Year, Stock Gains on Improved Profitability

Samsung Card's stock price is showing strength as the company recorded solid performance with both operating profit and net profit increasing in the second quar

Wooil Shim
Staff Reporter
3 min read
Samsung Card Q2 Operating Profit of KRW 208.6 Billion… Up 4% Year-on-Year, Stock Gains on Improved Profitability
CBC News

Samsung Card's stock price is showing strength as the company recorded solid performance with both operating profit and net profit increasing in the second quarter.

According to the electronic disclosure on the 27th, Samsung Card's preliminary consolidated operating profit for the second quarter was KRW 208.6 billion, up 4.0% from KRW 200.5 billion in the same period last year.

Revenue for the same period was KRW 1.1775 trillion, down 6.3% from KRW 1.2572 trillion in the same period last year. However, net income attributable to controlling interests was KRW 154.2 billion, up 1.9% from KRW 151.2 billion in the same period last year. Although revenue declined, profitability improved, showing a trend of simultaneous increases in both operating profit and net profit.

On this day, the domestic stock market was mixed. The KOSDAQ index rose as buying interest flowed in centered on semiconductor and information technology (IT) related stocks, while the KOSPI index declined due to profit-taking sell-offs centered on large-cap stocks.

Even amid these market conditions, Samsung Card attracted investors' attention as expectations for improved performance were reflected. The market expects that stable profitability and a sound performance trend will serve as factors supporting the stock price going forward.

[This article was written based on intraday market prices and does not recommend the purchase or sale of any specific stock. Stock prices may fluctuate further during trading hours, and the judgment and responsibility for investment lie with the investor. This article was written with AI assistance.]

Wooil Shim
Staff Reporter

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