Samsung slumps
72 per cent profit drop
Friday, 24 April 2009, 11:03
THE WORLD'S top maker of memory chips, Samsung has seen its first quarter profits fall by 72 per cent.
The Korean company made $462.6 million this year, and while sales rose by 8.5 per cent its profit still tanked. However the loss was better than what analysts had been expecting and much better than the loss the outfit had in the last quarter of 2008.
Samsung is not being particularly optimistic about the future. Vice-president Robert Yi said that lingering uncertainty means it is difficult to predict a sharp improvement in demand or the business environment in the near term.
The conglomerate lost money on its chip and LCD display divisions, but the telecommunications division did quite well. µ
L'Inq
AP
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can't you even do a copy and paste? Mixing up drops in profit with losses.
Clarity from the linked article:
Q1 2009 saw a drop in net profit compared with Q1 2008. This drop was smaller than ANALysts predicted.
Q4 2008 saw a net loss.
Simple
This happens almost every time. I think only Charlie writes original stuff. The rest just try to copy and paste and can't even do that. I think they should just start giving us links to original articles.
Approx 2 years ago Samsung were going to make 50inch the standard size for LCD. How did that work out?
When you say "made $462.6 million this year", does that mean turnover or profit?
If turnover then I'm shocked, if profit then it's probably ok but hard to tell without the turnover figures, assets etc.