Samsung Electronics reports 88.9 percent jump in Q2 net profit

Samsung Electronics on Thursday reported an 88.9 percent jump in its second quarter net profit, boosted by demand for its memory chips and a rise in smartphone sales as the firm seeks to move on from last year's recall debacle.

Net profit for the April to June period rose to 11.05 trillion won (US$9.92 billion) from 5.85 trillion won a year ago, the South Korean tech giant said in a statement.