Wednesday, January 17, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Offers AI Image-Detection Tool to Cloud Customers
New Meizu M6s Comes With Exynos 7872 SoC, New Camera
Surface Book 2 Coming to More Markets
Samsung to Offer Athletes PyeongChang 2018 Olympic Games Limited Edition Smartphone
YouTube Revises Rules to Protect Advertisers From Offensive Content
China's Wafer Fabrication Industry Sees Competition, Production Capacity of 300mm Wafer to Increase
U.S. State Attorneys General Sue to Block Net-neutrality Repeal
Chinese Automaker Chery to Use NVIDIA SoC for Level 3 Autonomous Cars
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 to Offer Athletes PyeongChang 2018 Olympic Games Limited Edition Smartphone
Samsung Thrive App Will Notify Your Friends When You Are Offline
Samsung SDI Unveils New Battery Products at Detroit Motor Show
Samsung Posts Lower-than-expected Fourth Quarter Results
Samsung Mobile Chief Cautious About a Foldable Phone Launch in 2018
HARMAN and Samsung Unveil Connectivity and Autonomous Driving Technology at CES 2018
Samsung Unveils "The Wall," a Modular MicroLED 146-inch TV
Samsung Introduces the New Notebook 7 Spin, Notebook 9 (2018) and Notebook 9 Pen
Samsung Takes Over No. 1 Position in Global Semiconductor Market
TSMC Could Outpace Samsung in 7nm Volume Production This Year
Samsung Unveils Thunderbolt 3 QLED Curved Monitor at CES 2018
Samsung C-Lab to Reveal New Projects at CES 2018

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .