Thursday, August 17, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple is Getting Serious in TV Shows and Film Prospect
Acer's New 4K Projectors Bring the Benefits of Cinema Home
Fiat Chrysler Joins BMW, Intel, Mobileye in Autonomous Driving Team
Kingston Adds Lower 4GB and 8GB Capacities to DataTraveler 2000 Encrypted USB
Intel Ice Lake Architecture Will Find its Way to 10nm+ Chips
CyberLink Launches U Web Communication App for Online Meetings
Samsung Introduces New Portable T5 SSD
Qualcomm Announces Depth-Sensing Camera Technology Designed for Android Devices
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

Thursday, April 27, 2017
Samsung's Profit At 3-year high Thanks to Strong Memory Chip Sales


Samsung Electronics said Thursday its first-quarter profit surged to the highest level in more than three years as its semiconductor division posted the highest income in the company's history.

The company's January-March earnings jumped 46 percent over a year earlier to 7.7 trillion won ($6.8 billion or 757 billion yen), compared with 5.3 trillion won a year earlier.

Sales rose just 2 percent over a year earlier while operating profit surged 48 percent to 9.9 trillion won.

The results come after tough months for Samsung. Five of its top executives including it sleader Lee Jae-yong were indicted on corruption charges after they were ensnarled in a massive political scandal that led to months of public protests and the ouster of the South Korean president.

Samsung also had the Galaxy Note 7 smartphone recalled twice and discontinued last fall because the batteries were prone to overheat and catch fire.

Even though the first quarter is typically a slow season for chipmakers, tight global supplies and strong demand for microchips for computers, data servers and mobile devices led to a record-high profit. Nearly two-thirds of Samsung's operating income during the first quarter was generated by its semiconductor business.

In addition to earnings results, Samsung said it decided not to change the company's structure into a holding company. Samsung's board of directors believed that such a change would hurt the company's competitiveness.

The company said in a separate announcement that it would cancel its treasury shares valued more than 40 trillion won, a move that will likely boost its shareholders' values and ease worries that Samsung may use the treasury shares for the benefit of its founding family, rather than for all shareholders.



Previous
Next
LG Electronics Sees 10 Percent Jump in Sales and Highest Operating Income Since 2009        All News        FCC Proposes to Roll Back Regulation of the Internet
LG Electronics Sees 10 Percent Jump in Sales and Highest Operating Income Since 2009     General Computing News      FCC Proposes to Roll Back Regulation of the Internet

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Introduces New Portable T5 SSD
Samsung Galaxy Note 8 to have a Dual Camera Setup
Samsung Introduces Tbit V-NAND Memory Solutions
Rugged Samsung Galaxy S8 Active Available at AT&T
Samsung to Use Y-OCTA Displays for Next Galaxy S9 Smartphone
Samsung Semiconductor Revenues to be Higher than Intel's, says IHS
Samsung and TUMI Introduce the $500 Gear S3 Frontier Special Edition
Samsung Electronics Reports Record Profit, Expects High Chip Demand
Samsung Galaxy J3 and J7 are now Unlocked
Samsung Galaxy Note 8 to debut on Aug. 23
Samsung Pay Gets Paypal Support
Samsung Debuts First Cinema LED Display

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .