Sunday, March 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Lists Windows 10-Compatible Phones
Intel in Talks to buy Altera: report
MediaTek Releases New High-end Smartphone Helio SoC
Google To Get Into The Operating Room
Data Requests To Microsoft Decreased
Google Defeated in English Court - Decision Opens Door for Litigation by Millions of British Apple Users
LG G4 Smartphone Coming Late April
BlackBerry Posts Quarterly Profit
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, March 18, 2011
Samsung Aims at Record Profit Despite Competition


Samsung Electronics forecast on Friday a challenging business outlook due to growing competition, but said it was aiming to achieve record profit this year.

"Even amid continuing effects of the global financial crisis, Samsung was last year able to achieve its highest sales and net income since our establishment in 1969," said Geesung Choi, Vice Chairman and CEO of Samsung Electronics at the company's 42nd Annual General Meeting of Shareholders held on Friday morning in Seoul.

"2010 was a year in which we came out on top in the electronics industry and strengthened our position as a leading global company," he added.

Attended by shareholders and institutional investors, Samsung reported its balance sheet and confirmed the financial statements for full year 2010. Samsung?s consolidated revenue for the full year 2010 reached an all-time high of 154.63 trillion won, up 13-percent from the previous year. Consolidated net income also reached a record high of 16.15 trillion won.

Mr.Choi also stressed that 2011 will be a challenging year for electronics companies, as intensifying competition continues to put pressure on profit margins. He said Samsung will strive to maintain its sales growth momentum from last year and achieve new records in operating profits.

Mr. Choi said Samsung?s management strategy this year will focus on three main pillars: bolster market leadership through source differentiation in each business area; identifying and nurturing future businesses that will sustain growth for the next five to10 years; and integrating management capabilities to preemptively respond to business risks in times of market uncertainty.

Samsung aims at solidifing its leadership by securing a competitive edge in LCD panels, mobile devices and flat panel TVs, while further cultivating its System LSI, IT and home appliance units.

In line with its plans to promote future growth opportunities, Samsung will also respond to changes in the market as it becomes increasingly centered around software and solution services.

Samsung also said it would continue to aggressively enter new business areas such as health and medical equipment, while it also plans to become an industry leader in solar cells.


Previous
Next
Dell and Intel Power Noisey.com Music Discovery Platform        All News        Microsoft Takes Down Rustock Spam Network
Dell and Intel Power Noisey.com Music Discovery Platform     General Computing News      Microsoft Takes Down Rustock Spam Network

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Listed In Nvidia's Chip Providers
Samsung to Bring Microsoft Services on More Devices
Samsung Expands Its Lineup of Curved Monitors
Samsung Demonstrates Enterprise Platforms at CeBIT 2015
Samsung Strengthens Its SSD Business With New Apple Macbook Deal
Samsung Expands Digital Display Portfolio with YESCO Electronics Acquisition
Samsung Lost Top Position to Apple in Q4's Global Smartphone Market
Samsung Releases New Image Sensor and NFC IC For Mobile Devices
Crafted from Metal and Glass, Samsung Galaxy S6 and Galaxy S6 Edge Are Here
Samsung Says Semiconductor Technology Can Easily Scale Down to 5nm
Samsung To Showcase IoT, Network Functions Virtualization and 5G Technologies at MWC 2015
Samsung Introduces First 128-Gigabyte Universal Flash Storage for Smartphones

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 .