Saturday, September 05, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Dominates The Smartphone Apps Market
Toyota To Invest $50 million In Research Centers For Self-driving Cars
Report Reveals the Web's Shadiest Neighborhoods
Google Play Is Coming Back To China: report
Hackers Stole Data From Bugzilla
BlackBerry To Buy Rival Good Technology
GIGABYTE Z170X-UD5 Motherboard Is Intel Thunderbolt 3 Certified
LG Bets On OLED's Success, Showcases Innovative Prototypes At IFA2015
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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 Seeks Piece of Nascent Smartwatch Market With New Gear S2 Smartwatch
Samsung Focuses On The Internet of Things at IFA 2015
IFA: Samsung Launches The "HumanFit" Wearable Platform
Samsung IoT Device Will Take Care Of Your Sleep
Samsung's Circular Gear S2 Smartwatches Unveiled
Samsung Used TSMC's Technology To Prevail In Chip Manufacturing Race
Samsung To Accelerate Chip Production
Samsung Announces New Wireless Audio 360 Speakers
Samsung Says Users Should Follow The Manual With Galaxy Note 5 Stylus
Samsung To Give iPhone Users The new Galaxy Smartphones
New Galaxy Note 5 Phablet Has The Best Display: report
Samsung Offers USB Flash Drive Family

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 .