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Last Update: ،
2025/11/05
Time
04:00:59
Latest News:
Ambassador Bahah visits Arab Organization for Administrative Sciences in Cairo
PM Reaffirms Commitment to Social Justice and Sustainable Development
Yemen partakes in the 43rd Session of UNESCO General Conference
Global Leaders Gather in Doha for Second World Summit on Social Development
Parliament Speaker meets with French Ambassador, Acting US Ambassador
Latest News:
Ambassador Bahah visits Arab Organization for Administrative Sciences in Cairo
PM Reaffirms Commitment to Social Justice and Sustainable Development
Yemen partakes in the 43rd Session of UNESCO General Conference
Global Leaders Gather in Doha for Second World Summit on Social Development
Parliament Speaker meets with French Ambassador, Acting US Ambassador
Samsung Electronics reports 86.1 percent decline in profits for Q1
[27/04/2023 08:49]
SEOUL-SABA
Samsung’s first-quarter net income fell 86.1 percent to 1.57 trillion won, the worst in 14 years, blaming slowing consumer spending due to uncertainty over the global economy.
The world's largest memory chip and smartphone maker reported today, Thursday, an operating profit of 640.2 billion won ($478 million) in the January-March period, down 95 percent from 14.12 trillion won a year earlier.
The company's net profit income dropped to 1.57 trillion won from 11.32 trillion won in the same period a year earlier, while sales reduced with 18 percent to came 63. 74 trillion won.
The Samsung's chip division reported 4.58 trillion won in losses, its first operating loss since 14 years
Samsung’s first-quarter net income fell 86.1 percent to 1.57 trillion won, the worst in 14 years, blaming slowing consumer spending due to uncertainty over the global economy.
The world's largest memory chip and smartphone maker reported today, Thursday, an operating profit of 640.2 billion won ($478 million) in the January-March period, down 95 percent from 14.12 trillion won a year earlier.
The company's net profit income dropped to 1.57 trillion won from 11.32 trillion won in the same period a year earlier, while sales reduced with 18 percent to came 63. 74 trillion won.
The Samsung's chip division reported 4.58 trillion won in losses, its first operating loss since 14 years
Key words:
SABA Samsung’s - uncertainty - smartphone - Samsung's - operating - company's - division - reported - Thursday - spending -
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