Samsung Electronics Records Korea&#39;s Highest Ever Profits
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Samsung Electronics earned W10 trillion in operating profits in the first nine months of the year, becoming the first Korean corporations to reach that mark.
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Hyundai Motor Co  posted a better-than-expected 45 percent rise in quarterly profit as output at South Korea's top auto maker spiked after it avoided a strike for the first time in 10 years and as domestic sales rose.
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Seoul - South Korea&#39;s Samsung Electronics Company, the world&#39;s largest memory chipmaker, said Monday it would invest some R136.5 billion in building new chip production lines over the next six years.
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LONDON, December 6  - The South Korean memory chipmaker, Samsung Electronics Company (SSUN.FSE), said today that it intends to invest approximately 25 trillion won ($24 billion; Â£12.36 billion) in building new chip production lines in
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LG Electronics Inc., South Korea&#39;s second-largest electronics maker, reported third-quarter profit rose 36 percent, better than analysts expected, after selling a record number of mobile phones.
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Concern over falling profit margins at  Samsung Electronics Co. Ltd. grew on Thursday as the company  said it was spending more on handset marketing and a top broker  issued a "sell" rating on its stock for the first time in  years.
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Samsung Electronics Co. Ltd. ,  the world's biggest maker of memory chips, said on Monday it  would invest 938.8 billion won ($1.01 billion) to upgrade its  memory chip production lines.
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Flat screen maker LG.Philips LCD Co Ltd  reported its highest ever quarterly profit on Monday, rebounding from a year-ago loss, and predicted 2008 profitability would improve from 2007.
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Samsung Electronics Co. Ltd.'s  005930.KS quarterly profit jumped 46 percent from a year ago  on strong memory chip earnings, but fell from the previous  quarter on sinking prices of flat screens for TV and computers.
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Samsung Electronics, the world's largest manufacturer of computer memory chips, said it would invest 680 billion won (647 million dollars) to expand capacity at its flash memory plant.
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South Korea's Samsung Electronics has developed a prototype OLED (organic light-emitting diode) display that it says is the largest yet made by any manufacturer.
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Samsung Electronics expects profit from mobile devices to pick up next year, despite a rating cut issued by an investment bank. During a presentation at the UBS investor conference in Seoul, Samsung
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SEOUL (Dow Jones)--South Korea&#39;s Hynix Semiconductor Inc. (000660.SE) Monday posted sharply higher net profit for the third quarter, helped by strong chip prices - making
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(InfoWorld) - Samsung Electronics saw a sharp fall in operating profits during the three months from April to June due to theÂ weak marketÂ for computer memory chips. Prices of the chips, which are used for the main memory in personal computers, fell because supply exceeded demand. That hit Samsung because it's one of the world's largest makers of DRAM (dynamic RAM) chips. The company said operating profit was 910 billion won ($985 million) as of the last day of the period being reported), which is down from 1.4 trillion won ($1.5 billion) in the second quarter of 2006. Net profit, which is a wider measure of profitability and includes subsidiaries and non-core operations, was down slightly at 1.42 trillion won from 1.5 trillion won a year earlier. Net sales were up 4 percent to 14.6 trillion won. "Despite the dire business environment, such as the precipitous fall of DRAM (dynamic RAM) prices and seasonality, we have posted a decent result in Q2," said Chu Woosik, head of investor relations at Samsung, in a conference call with analysts. Profits at Samsung's semiconductor unit dropped by two-thirds as a result of the weak DRAM market. The good news, said Chu, is that the DRAM market is already starting to show signs of a turn-around, thanks to interest in Windows Vista PCs, which require more memory. During the remainder of the year the market for DRAM chips is expected to be strong, he said. Strong demand for Apple's iPhone and competing handsets are alsoÂ expected to keep up pricesÂ and profits for NAND flash memory, which is Samsung's other major memory chip product, strong. Chu said Samsung is in talks with several consumer electronics companies about supplying chips for as-yet-unannounced portable media players with video. Samsung's cellphone handset business was one of the brightest spots in the results. The company shipped a record 37.4 million phones in the quarter thanks to the popularity of its thin "Ultra" edition handsets. The second quarter was the fourth consecutive quarter in which Samsung reported record sales. As a result Samsung said it now expects to ship more than 150 million phones this year, up from its previous target of 133 million. The LCD (liquid crystal display) business enjoyed brisk business and Samsung shipped a record 2 million displays in the 40-inch and above class. Sales rose by 17 percent and operating profits surged 290 percent. Looking ahead, Chu said Samsung expects the remainder of the year to be strong for the company. "We are very optimistic about the second half," he said. "We are expecting all of our major business units to experience very high levels of demand and recovery starting from Q3. As a result of such an improvement coupled with our vigorous attempts to reduce cost, we are hoping to see significant improvements in the bottom line in Q3. We expect this nice recovery to last throughout the rest of the year." Â
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The research firm&#39;s third-quarter handset sales figures are out, indicating the South Korean company took more of the market than rival Motorola for the first time as total sales set a new record.
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Samsung Electronics Co. Ltd. said on Thursday it expected mobile phone sales volumes and profit margins picking up in the first quarter of next year after cleaning up inventories in the current quarter.
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Samsung Electronics, the world's top memory chip maker, is set to post a 15 percent drop in quarterly profit on Friday after a steep fall in computer memory chip prices overshadowed improvements in flat screens.