Samsung Electro-Mechanics Co., Ltd. Reports Earnings Results for the Second Quarter of 2021
July 28, 2021 at 02:00 am EDT
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Samsung Electro-Mechanics Co., Ltd. reported earnings results for the second quarter of 2021. For the quarter, revenue was KRW 2,475.5 billion, which is an approximately 4% increase quarter-on-quarter mainly attributed to revenue growth of the Component and Substrate division, which offset the decrease in the Module revenue. Operating profit was KRW 339.3 billion, which is an approximately 2% increase Q-o-Q and more than threefold increase from the operating profit of second quarter last year. On a year-over-year basis, revenue increased by about 41%, thanks to year-over-year revenue growth across all divisions.
Samsung Electro-Mechanics Co Ltd is a Korea-based company mainly engaged in the manufacture and distribution of electronic components. The Company operates its business through three segments. The Component Solution segment is involved in the production and sale of passive elements such as multi layers ceramic capacitors (MLCC), inductors, chip resistors. The Module Solution segment is involved in the production and sale of module products, including camera modules and communication modules. The Board Solution segment is involved in the production and sale of semiconductor package substrates and high-density multilayer boards. The Company distributes its products in domestic and overseas markets such as America, Europe and Southeast Asian countries, China and Japan.
SAMSUNG ELECTRO-MECHANICS CO., LTD. 
