Samsung posts 1.7 pct rise in Q2 net profit

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SEOUL: Strong sales of its flagship smartphone and an effective cost-cutting drive saw Samsung Electronics post a 1.7 percent year-on-year gain to $5.2 billion in second quarter net profit on Thursday.

The giant South Korean conglomerate said its key mobile division enjoyed “substantial earnings improvement” led by expanded sales of its high-end Galaxy S7 and S7 Edge phones.