Saturday, October 01, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
California Proposes Law That Would Require No Human Presence In Self-driving Cars
Shuttle Releases New Palm-sized and 4K Ultra Slim PC-NC02U Series
Nintendo NES Classic Edition Launches In November, NX Could be Announced Earlier
Foxconn's Sharp to Invest $570 Million on Flexible OLED Panel Production
Google Apps for Work Become Smarter, Part Of New G Suite
Amazon Offers $2.5 Million to Advance Conversational Artificial Intelligence
Raspberry Pi Upgraded With A Visual Overhaul Called Pixel
E FUN Nextbook Ares 11 2-in-1 Android Tablet Costs Just $179
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 Pay Adds Support for Coupons and Restore Function
Samsung Says Global Replacement Program for Galaxy Note7 Has Made Progress
Samsung Says Battery Not Related To Note 7 Fire Reports in China
Samsung Narrows Gap With Intel In Semiconductor Industry Ranking
How to Identify the New Galaxy Note7
Samsung Sells Stakes in ASML, Seagate, Rambus and Sharp
Samsung's Recall For The Galaxy Note 7 Smartphones In Official In The U.S.
Samsung's Software "Fix" For Galaxy Note 7 Limits Battery Recharges
HP To Buy Samsung's Printer Business For $1.05 billion
Samsung Urges Galaxy Note7 Users To Immediately Bring Their Phones For Replacement
US, Japan Aviation Authorities Warn Against Using Samsung Galaxy Note 7 On Planes
Samsung to Sell Stake in Chip Equipment Maker ASML

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .