Friday, January 30, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HDDs Shipments Increased In 2014
FCC To Fine AT&T For Unathorized Operation Of Wireless Stations
Google Reports Increased Profit
Facebook Introduces Place Tips in News Feed
AMD Cuts Prices Of Radeon Graphics Card To Cash On GTX 970 Memory Furor
HyperX Sets DDR4 Overclocking Record
Intel 5th Generation vPro Processors Released
Mobile Provider TracFone to Pay $40 Million to Settle FTC Charges
Active Discussions
Writing Audio files on DVDs ?
Need major help with Gigabeat
New match-3 puzzle game launch now!
Rimage 2000i
Sound card for my Laptop
hello
full screen wide screen
Hi
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, April 18, 2005
Samsung scores low Q1 results


In mixed set of financial results Korean electronics giant Samsung Electronics Co. Ltd. announced that its first quarter 2005 net income slumped 18 percent from the fourth quarter of 2004.

Lower margins on mobile phones and a fall in the price of flat-screen televisions were blamed for the fall which came on the heels of disappointing financial results from Apple Corp., Sun Microsystems Inc. and IBM Corp..

Samsung said it does not expect the "challenging business conditions" to improve in the second quarter.

The company recorded overall sales of 13.8122 trillion won (about $13.6 billion), a 0.6 percent decrease from the previous quarter and net income of 1.4984 trillion won (about $1.5 billion), a drop of 18 percent from the previous quarter. While sales decreased, operating profits increased on the back of growth in NAND flash memory business, favorable mobile phone sales and efforts to reduce selling, general and administrative expenses, the company said.

However, sales and operating income in Samsungs' semiconductor business for the quarter decreased sequentially by 6 percent and 13 percent respectively to 4.4756 trillion won (about $4.41 billion) and 1.3851 trillion won (about $1.36 billion), respectively, because of seasonal factors and currency exchange rates.

With a record quarterly mobile phone shipment of 24.5 million units, the Telecommunication Network Business recorded sales of 4.8394 trillion won (about $4.77 billion), a 12 percent sequential rise, and operating income of 840.5 billion won (about $830 million). This performance is attributed to the company's strategy to expand output in the first quarter The LCD business reported a 3 percent sequential drop in trade and a 20 percent drop compared to the same quarter a year before with revenue and operating income figures of 1.8983 trillion won (about $1.87 billion) and 23.1 billion won (about $22.7 million), respectively.

"While we do not expect conditions to improve in the second quarter, Samsung Electronics will strive to sustain its outstanding financial performance through new growth opportunities, such as the commercialization of DMB services and production commencement at our seventh generation LCD line," said Woosik Chu, senior vice president and general manager of the Samsung investor relations team, in a statement.


Previous
Next
Sony Ericsson profit tumbles on falling phone prices        All News        AACS 0.9 copy protection for High Density video released
Philips disappoints with Q1 net, revenues     General Computing News      NEC Introduces Personal Computers With Maxxbass

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Reports Weak Q4 Results
Apple Takes Top Spot in China's Smartphone Market
Samsung Advances Smart eMBMS Solution with Improved Video
Samsung Engineers Develop Wearable Sensor for Stroke Detection
Samsung and Apple Together Consumed 17 Percent of Total Semiconductor Demand in 2014
Samsung Drops Qualcomm 810 Processors in next Galaxy S Due To Overheating: report
Samsung Led The Smartphone Market in 2014, TrendForce Reports
Galaxy S6 Expected to Have Displays On Both Edges
Samsung Starts Mass Production Of 8-Gigabit Graphics DRAM
Samsung, Blackberry Deny Deal Report
Samsung Made A Bid For BlackBerry: report
Samsung Finally Releases Budget Tizen Z1 Smartphone In India

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .