Wednesday, May 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic HIT Solar Module Achieved World's Highest Output Temperature Coefficient
Acer Curved 35-inch QHD Predator Z35P Monitor Now Available
SoftBank Reportedly Takes $4 Billion Stake in Nvidia
Silver Lake Invests $400 Million in Unity
LG Electronics to Finally Launch LG Pay in June
Moderate GPU Sales in the First Quarter
Google To Employ Machine Learning To Ad Analytics
Crucial to Debut 128GB DDR4 LRDIMM Server Memory
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 Pay Launches in the U.K.
Samsung Galaxy Note 8 Said To Have Dual-cameras
Accessory Line-up for the Samsung Galaxy S8 and Galaxy S8+
Samsung Creates New Chip Foundry Division
Samsung Names New Mobile Marketing Chief
Samsung Display Breaks Ground For New Flexible OLED Fab
Samsung On Track to Beat Intel in Semiconductor Sales
Samsung to Invest $2.64 Billion To Expand Its DRAM Production
Samsung And Apple Maintain Top Spots in Smartphone Market
Apple Pay, Samsung Pay and Android Pay Set To Expand This Year
Samsung Develops Mobile Chip for IoT Applications, Eyes MRAM Embedded Memory
Samsung Galaxy S8 and S8+ Are Launching With Google Play

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 .