SEOUL: Samsung Electronics, the world's leading computer memory chip-maker, on Friday posted what it called ‘outstanding’ second-quarter results due to a recovery in prices and demand. For the three months to June, it recorded a net profit of 2.25 trillion won ($1.8 billion), up 65.6% from the previous quarter's 619 billion won.

It is also up 5.2% year-on-year. Samsung, which is also the world's largest flat-screen television maker and the second largest mobile phone producer, said it achieved strong revenue growth and profit despite continued uncer-tainty in the global market.

The sustained recovery was supported by renewed demand for premium consumer electronics and improved pricing for memory semiconductors and LCD panels, it said. Shares of Samsung Electronics rose 0.7% to 683,000 won on the news.

"Samsung achieved outstanding results in the second quarter with our consumer electronics business remaining strong and a solid perform-ance in the still challenging components market," Robert Yi, head of Samsung's investor relations team, said in a statement.