Samsung SDI Co. on Tuesday reported its second-quarter net income of 301.2 billion won (US$217.6 million), down 38 percent from a year earlier.

Operating profit for the April-June period was 280.2 billion won, down 37.8 percent from a year ago, the company said in a regulatory filing. Revenue fell 23.8 percent to 4.45 trillion won.

The earnings beat market expectations. The average estimate of net profit by analysts stood at 269.7 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

Source: Yonhap News Agency