Samsung Electronics reported what it described as an “outstanding” set of second-quarter financials today, noting a recovery in prices and demand across its various divisions. Associated Press reports that net profit at the firm jumped to KRW2.25 trillion (US$1.8 billion), up 65.6 percent from the previous quarter and up 5.2 percent year-on-year. Sales rose to KRW32.51 trillion from KRW29.1 trillion a year earlier. The sustained recovery was supported by renewed demand for premium consumer electronics and improved pricing for memory semiconductors and LCD panels, the firm said. Its telecoms division, which includes its mobile phone business, registered an operating profit of KRW1 trillion, maintaining a 10 percent margin. Revenue at the unit reached KRW10.04 trillion, a 27.4 percent increase year-on-year.

“Samsung achieved outstanding results in the second quarter with our consumer electronics business remaining strong and a solid performance in the still challenging components market,” Robert Yi, head of Samsung’s investor relations team, said in a statement. However, some analysts suggested that its mobile business would underperform its other units in the second half of the year. “One of our worries is that its handset unit may not do as well as the markets’ hyped-up expectations. Memory chips and flat panels will be the biggest supporter of Samsung Electronics’ second half earnings,” Kim Sung-in, chief technology analyst at Kiwoom Securities, told the BBC.