Samsung Electronics reports 86.1 percent decline in profits for Q1

Yemen Strongly Condemns Blatant Iranian Attacks on Saudi Arabia

The Republic of Yemen has strongly condemned the blatant and cowardly Iranian attacks targeting the territory of the sisterly Kingdom of Saudi Arabia, describing them as a clear violation of its sovereignty and an unacceptable assault on its security and stability.

Kuwait Condemns Iranian Attack Targeting Its Territory

The State of Kuwait has strongly condemned a “heinous Iranian attack” that targeted its territory on Saturday morning, calling it a flagrant violation of Kuwait’s sovereignty, airspace, international law, and the Charter of the United Nations.

Korea large companies' exports rise 10 percent

Large companies' exports in South Korea rose approximately 10 percent year-on-year in the fourth quarter of last year, driven by increased global demand for semiconductors.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/01 Time 06:34:00
Latest News:

Republic of Yemen Condemns Iranian Attacks on Several Sisterly States

Prime Minister Receives Letter from UNESCO Director-General

Ambassador of Yemen Meets Indonesian Coordinating Minister for Legal Affairs, Human Rights

International Association (Al-Ameen) Provides over 9,000 Medical Services During January 2026

President al-Alimi Congratulates Dominican Republic on its Independence Anniversary

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