Income Slips 18% In Second Quarter
Source: Agencies |
July 30, 2011, Saturday
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Print Edition
Print Edition
SAMSUNG'S net profit slid 18 percent in the second quarter of this year as weakness in semiconductors and liquid crystal displays countered the electronics giant's growing strength in smartphones.
Samsung, the world's biggest manufacturer of memory chips, LCDs and flat screen televisions, earned 3.51 trillion won (US$3.33 billion) in the three months ended June 30, it said yesterday in a regulatory filing. Samsung earned 4.28 trillion won the same period last year.
Samsung has suffered this year due to slack prices for electronic components amid oversupply and weak demand. Net profit slumped 30 percent in the first quarter amid declines in memory chip prices and reduced profitability in LCDs and TVs. PC and TV demand weakness may continue in the third quarter, the company said.
Second-quarter sales at the Suwon, South Korea-based company rose 4.1 percent to 39.4 trillion won from 37.9 trillion won a year earlier.
Samsung, the world's biggest manufacturer of memory chips, LCDs and flat screen televisions, earned 3.51 trillion won (US$3.33 billion) in the three months ended June 30, it said yesterday in a regulatory filing. Samsung earned 4.28 trillion won the same period last year.
Samsung has suffered this year due to slack prices for electronic components amid oversupply and weak demand. Net profit slumped 30 percent in the first quarter amid declines in memory chip prices and reduced profitability in LCDs and TVs. PC and TV demand weakness may continue in the third quarter, the company said.
Second-quarter sales at the Suwon, South Korea-based company rose 4.1 percent to 39.4 trillion won from 37.9 trillion won a year earlier.
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