Most of the financial indicators Harman has improved
Harman recently started the process of transition under the wing of Samsung, released a report on the second quarter of the 2017 financial year, for which the manufacturer ended December 31.
For the three months manufacturer bailed out of 1.95 billion dollars, increasing the rate annually by 10%. Operating profit increased by 9% and reached 174 million dollars. Net income amounted to 99 million dollars, which is 12% lower than a year earlier.
Sales in the automotive segment reached 769 million dollars, having exceeded an indicator of last year by 4%. The operating profit of the relevant division decreased by 9% and amounted to 77 million dollars.
The unit engaged in the manufacture of consumer audio systems, brought the company $ 765 million, which is 19% higher than a year earlier. And operating profit of this division and all increased by 52% and reached 126 million dollars.
Professional equipment brought Harman 256 million dollars of revenue, more than in the corresponding period last year by 3%. Operating profit amounted to only $ 10 million, having decreased during the year by 57%.