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Samsung SDI says World Cup helped Q2 net
Seoul, July 25: South Korea`s Samsung SDI, the world`s largest maker of TV and computer screen tubes, posted a 7.7 per cent rise in second-quarter net profit on Thursday saying World Cup soccer spurred TV sales.
Net profit rose to 172.2 billion won ($147.4 million) on sales of 1.62 trillion won, up 24 per cent.
"We operated TV screen lines at 100 per cent capacity to meet the World Cup demand," said spokesman Park Hyung-do. "Our new businesses for digital screens, handphone LCD displays and rechargeable batteries also grew strongly in the second quarter."
Products such as cathode-ray TV tubes and colour picture tubes (CPT) for computer monitors also fared well, Park said.
Samsung SDI is the world's largest producer of both and saw a rise in demand from PC makers seeking CPTs because of rising prices for more advanced TFT-LCD panels.
Bureau Report