Samsung Profit Slumps
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Samsung Electronics Co. Ltd. reported a  42 percent drop in quarterly operating profit on a slide in  mobile phone margins and falling flat-screen prices, but its  shares rose 6 percent as it predicted a turnaround.
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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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South Korea's Samsung Electronics Co. expects strong demand and cost cuts to boost second-half profit in its chip business, it said Friday.
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Samsung Electronics (005930.KS), the  world&#39;s top memory chip maker, reported a smaller-than-expected  5 percent drop in quarterly profit on Friday after a steep fall  in computer memory chip prices overshadowed improvements in  flat screens.
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The diversified manufacturer said its fiscal first-quarter profit fell 54 percent from a year earlier, when it still owned its health care and electronics businesses.
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Samsung&#39;s net income rose to US$2.34 billion from $1.60 billion last year. Sales gained 27.4 percent to $12.9 billion from $9.
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Japanese electronics giant Sony reports a drop in profits as high costs at its game unit offset strong TV sales.
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In spite of a slowdown in cell-phone sales, Samsung Electronics Co. still roared to a 46-percent profit compared with the same period last year.
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Samsung Electronics Co. Ltd.'s  third-quarter operating profit has fallen around 10 percent  short of market forecasts due to weak sales of flat screens, a  source familiar with the company's business said on Friday.
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Hyundai Motor Co., South Korea's top auto  maker, reported a surprise 21 percent slump in fourth-quarter  profit on Friday, hit by a stronger won and higher steel  prices.
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Swedish telecoms equipment maker  Ericsson reported a lower-than-expected fourth-quarter gross  profit margin on Thursday as the rollout of more mobile  networks added to costs, sending its shares down despite strong  orders.
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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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LONDON, September 20  - Samsung Electronics (SSUN.FSE) expects its global semiconductor sales growth to decline below 10% next year, from the estimated 20% for 2004.
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Infineon&#39;s net profit fell to $54.6 million in the fourth quarter from $63 million in the third quarter of last year. The net result came up short of analyst forecasts of $169 million.
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Korean LCD-maker suffers huge decline in earnings.
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Samsung Electronics , the world's top memory chip maker, reported a smaller-than-expected 5 percent drop in quarterly profit on Friday after a steep fall in computer memory chip prices overshadowed improvements in flat screens.
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Net profit dropped at the consumer products maker to 721 million euros ($1.04 billion) in the last three months of 2007, from 2.03 billion euros a year earlier.