Feeds

Samsung Electronics enjoys Q1 profit jump

In spite of memory slide

  • alert
  • submit to reddit

Samsung Electronics has shown it's handling the memory price slide by posting net profits of 1.24 trillion won ($940 million) for the first quarter of 2001.

Sales for the period were 8.6 trillion won ($6.54 billion), down 5.5 per cent from the 9.1 trillion won ($6.92 billion) for the last three months of 2000. Net profits for that quarter were 1.16 trillion won ($880 million).

Samsung's chip business accounted for 35 per cent of its sales for the quarter at 3.0 trillion won ($2.28 billion). This was down nine per cent from the previous quarter. Two thirds of this was memory sales. But the company made a 1.2 trillion won ($910 million) cut in capital expenditure, solely from the semiconductor business.

Samsung's TFT LCD sales hit 500 billion won ($380 million). ®

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?